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Level 1
March 2, 2026
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1099-NEC from Field Comp

  • March 2, 2026
  • 1 reply
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Used to work with Aflac, and I received a 1099-NEC as a referral perk or “field comp” from a new agents’ work. I can’t finish filing because I have left questions blank that do not apply to me, such as the business name, accounting method, principle business code, and state ID, and similar questions. How should I fill these in since my “self employment” doesn’t fit most questions?

    Best answer by DavidD66

    You were paid as an independent contractor so you have to report the income as self-employment as if you were operating a business.  For Business Name you just enter your name or your initials followed by "Referrals" or whatever you want.  For accounting method, select "Cash".  The program has a look up for Business Code. The program will guide you through all of these.  Don't over think it, go with the simple answer.   

    1 reply

    DavidD66Answer
    Level 15
    March 2, 2026

    You were paid as an independent contractor so you have to report the income as self-employment as if you were operating a business.  For Business Name you just enter your name or your initials followed by "Referrals" or whatever you want.  For accounting method, select "Cash".  The program has a look up for Business Code. The program will guide you through all of these.  Don't over think it, go with the simple answer.   

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