Please connect with your Account Manager for more information on how to acquire 1099-NEC filing services. Below you'll find relevant details to consider before enrolling.
When is the cut-off for enrollment?
- The cutoff for enrollment will be December 31st of the calendar year you wish to begin using the service.
Do I need to take any action to re-enroll?
- Enrollment will continue to remain active unless opted out.
- Please view the terms of your contract or reach out to our Account Manager for more information.
How and when are forms filed to State and Federal authorities?
- Branch will facilitate the filing to State and Federal authorities as required.
- All 1099-NEC forms will be distributed by Jan 31st for the respective tax season.
How are forms made available to my administrative staff and payees?
- Once filed, Branch will send digital copies of the 1099-NEC files to each worker’s email address associated with their Branch account.
- The payer email address provided by your organization will be CC'd on all 1099-NEC form distributed.
How are earnings handled for payments made outside of Branch?
- Branch will only file 1099-NECs for disbursements made to Branch accounts and will only file for workers with $600 or more in reported earnings via Branch.
- Your organization is responsible for filing separate 1099-NECs for any amount paid outside of Branch AND situations where a worker earned $600 or more in total earnings with less than $600 paid through Branch.
How does Branch define the "Payer" for the 1099-NEC forms?
- During enrollment, you will provide the Payer information for Branch to use for filing.
- Your organization will be listed as the Payer on all 1099-NEC forms.
Does Branch support W-9 Forms?
- The W-9 form can be provided to the company or worker upon request, but this form will not be proactively sent out.
Does Branch support quarterly IRS Payments?
- Branch does not currently handle quarterly IRS payments.
Does Branch support W2 Forms?
- Branch does not handle W2 tax forms.
How is my organization billed for the 1099-NEC service?
- An invoice for this service will be sent by February 28th for the respective tax season.
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For billing specifics, please review your contract or reach out to your Account Manager for more information.