How can I acquire 1099-NEC filing services?

Please connect with your Account Manager for more information on how to acquire 1099-NEC filing services.

Cutoff for enrollment

• The cutoff for enrollment will be December 31st of the calendar year you wish to begin using the service. 

Re-enrollment

• 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.

Form Availability

• All 1099-NEC forms will be distributed by Jan 31st for the respective tax season.

Form Access

• 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.
• Branch does not have access to any 1099 forms. These must be accessed via an email sent from Abound.

Payments Made Outside of Branch

• Branch will only file 1099-NECs for disbursements made to Branch wallets 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.

Payer

• 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.

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.

Quarterly IRS Payments

• Branch does not currently handle quarterly IRS payments.

W2 Forms

• Branch does not handle W2 tax forms.

Service Billing

• An invoice for this service will be sent by February 28th for the respective tax season.

  • For billing specifics, please review your contract or reach out to your Account Manager for more information.