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What Do I Need To File The 1099 NEC Form? The new IRS 1099 NEC Form 2020 requires different details compared to the 1099 MISC Form. The similar details you need to enter in the 1099 NEC Form are Payers and recipient information. IRS 1099 NEC Form consists of 7 boxes. Box 1 represents nonemployee compensation or nonqualified deferred compensation. Box 2 and Box 3 are reserved. Also, Box 4 shows backup withholding. Also, Box 5-7 represents the State income tax withheld reporting boxes. Must enter all these boxes information and finish your 1099 NEC Filing successfully.
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