---
title: "About vendor 1099s"
slug: "about-vendor-1099s"
updated: 2026-07-07T15:54:31Z
published: 2026-07-07T15:54:31Z
canonical: "help.wrapbook.com/about-vendor-1099s"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://help.wrapbook.com/llms.txt
> Use this file to discover all available pages before exploring further.

# About vendor 1099s

## Overview

Form 1099 is a federal tax form used to report various types of payments. The IRS requires companies to report income paid to non-employee businesses or individuals via a 1099 form when specific tax thresholds are met. To learn about Form 1099 requirements, see the [IRS website’s, Instructions for Forms 1099-Misc and 1099-NEC](https://www.irs.gov/instructions/i1099mec).

## Types of 1099s

There are two types of 1099s:

- 1099-NEC
- 1099-MISC

### 1099-NEC

A 1099-NEC (Non-Employee Compensation) is a tax form used to report payments for services performed by vendors who are not employees.

A 1099 NEC must be filed when:

- Payments are $2,000 or greater for services
- Any amount of tax backup was withheld for non-employees

Companies must submit 1099-NEC forms to both vendors and the IRS by January 31st⁠.

### 1099-MISC

A 1099-MISC is a tax form used to report various types of payments to vendors.

It's required when vendors receive:

- $10 or more in royalties⁠
- $2,000 or more in
  - Rents
  - Prizes and rewards
  - Healthcare payments
  - Gross proceeds paid to an attorney (when paying someone else's lawyer)
  - Other income payments

Corporations and LLCs operating as S-Corps or C-Corps are generally exempt from receiving a 1099-MISC, except when they receive payments for legal or healthcare services.

Companies must submit 1099-MISC forms to both the vendor and the IRS by March 31st.

## Access vendor 1099s

> [!NOTE]
> Vendor 1099s are permission based
> 
> To access, your account must have one of the following roles enabled:
> 
> - Role: Company Admin, Company Manager
> - Custom role with: Vendors - Full access, Project access

To access vendor 1099s:

1. In the left-side navigation, click the dropdown menu
2. In the dropdown menu, select **All projects**
3. In the left left-side navigation, click **1099 reporting**

An IRS form by which specific income (such as non-employee compensation, royalties, etc.) is reported to the federal government. Equivalent to a W-2 for independent contractors where remuneration is not being paid by the employer.

A company or individual providing a product or service.