Non-Employee Compensation. This
5-part laser set includes pre-printed Copy A (federal, red scannable),
Copy B (recipient), Copy C (payer file), Copy 1 (payer state) and Copy 2
(recipient state). Copy A has a 1/2" side perforation. Print each copy
as a batch, then separate and collate by recipient.
Order the quantity
equal to the number of recipients for which you file, you'll get all the
necessary forms. Mail payer copies in a batch to the IRS and state.
Mail recipient copies in envelope #99DWENV05.
What is NEC?
If the following four conditions are met, you must generally report a payment as NEC.
-
You made the payment to someone who is not your employee.
-
You made the payment for services in the
course of your trade or business (including government agencies and
nonprofit organizations).
-
You made the payment to an individual, partnership, estate, or, in some cases, a corporation.
-
You made payments to the payee of at least $600 during the year.