1099-NEC tax filing

Use the Wingspan’s 1099-NEC tax reporting to create, file, and deliver tax forms for your collaborators accounts.

Do You Need to File a 1099-NEC?

A 1099-NEC form reports payments made to contractors during the year. If you have paid a contractor over $600 within a calendar year, filing a 1099-NEC form with the IRS becomes mandatory. The form assists the IRS and the contractor in calculating the correct tax obligations.

Gathering Information for Filing

Wingspan automatically drafts forms for each recipient, based on the payments you've made through Wingspan.

If you made payments to contractors outside of Wingspan, you can add these by importing a spreadsheet via the 1099-NEC tool. Guidance through this step will be provided.

Why File With Wingspan?

  • Efficiency: Automatically generate and e-file 1099s, saving you hours of frustration.
  • Accuracy: Taxpayer Identification Numbers are verified automatically to minimize errors and penalties.
  • Recipient Experience: Recipients can access and manage their tax forms electronically. Wingspan helps support them by answering questions.
  • Data Integrity: All payment and identity data are sourced directly from your Wingspan account.
  • Centralized Corrections: Avoid emails back-and-forth by handling all corrections inside of Wingspan.

Tax Season 2023 Checklist

Key Dates

  • November 27th, 2023: Wingspan begins reaching out to your recipients to confirm their W-9 information and 1099 delivery preferences. You will be able to batch upload off-platform recipients.
  • January 8th, 2024: In 2024, you will be able to import off-platform payments, calculate 1099 statuses and amounts.
  • January 20, 2024: File your tax forms via Wingspan by this date to meet the IRS deadline. (Recommended)
  • January 25, 2024: Final date to e-file 1099 forms using Wingspan.

Action Steps

Prepare for Outreach (By November 27th)

Review Information (By January 5th)

  • Check forms marked 'Needs Action' and contact recipients for missing information.
  • Upload any payments made outside of Wingspan.
  • Confirm State Tax Registration numbers where applicable.

File and Deliver Forms (By January 25th)

  • Edit drafts of 1099-NEC forms, if necessary.
  • Complete any missing identity information.
  • E-file the forms no later than January 25 to ensure delivery by January 31.

By following this guide, you will have a streamlined 1099-NEC filing process, ensuring compliance with tax regulations and providing a seamless experience for your recipients.

Table of Contents

Guidelines for a Successful 1099 Season

Step-by-step Walkthroughs of 1099 Filing