1099 NEC

[Ionnowhy]

I just e-filed a 1099 NEC for the first time and had a few follow up questions:

1. The person I paid to was ok with me emailing them the form and I did that- do I also need to mail them a copy even after they confirm receipt of the form?

2. After clicking e-file on https://quickemployerforms.intuit.com/, it says e-file processing: when I hover over it, it reads "your forms are being processed by IRS"- am I done with the process or do I need to do anything else?

3. Do I need to file anything for state tax purposes?

4. Eventually,when filing my taxes, I simply enter the amount in 1099 NEC as an expense and don't have to do anything else, correct?

Thank you!

[guywong]

Since you have already sent the payee an electronic copy of the 1099-NEC, there should  be no need to mail a paper copy.

When the IRS accepts the 1099-NEC you submitted, you will get an email that says just that, a separate email for each 1099-NEC you submitted.  No, there isn't anymore you need to do.

No idea whether you'll need to submit anything to your state.  Here in Calif, the IRS will forward the info to the Calif Franchise Tax Board.  But different states may have different filing requirements.

You report your business expenses on your tax return, Schedule C/E/F for individuals, 1120 for corporations, etc. irrespective of the 1099-NEC amounts.  Not all the business expenses are reported on a 1099-NEC.

[DavidD66]

You do not need to mail a copy of Form 1099-NEC is you emailed to the recipient.  You should keep checking on the status of your 1099-NEC filing to make sure the filing is successful.  You probably do not need to do anything for your state.  Most state participate in the Combined Federal and State program.  You should check with your state's department of revenue to be sure.  

If you are an independent contractor/self-employed, you will report your income and expenses on Schedule C.  The amount you paid to independent contractors goes on Line 11 - Contract Labor.  If your filing Schedule E for a rental property, then you would include the amount on the appropriate expense line.  That's all you have to do when filing your tax return.