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FOR PROFESSIONAL PROVIDERSDECEMBER 17, 2021NEW! FORM FOR PROVIDER DIRECTORY CHANGES As part of the No Surprises Act mandate, a new form has been added to the Provider Resource Center for changes you

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What is new form for provider?

The new form for provider is Form 1099-NEC, which is used to report nonemployee compensation.

Who is required to file new form for provider?

Businesses or individuals who pay $600 or more in nonemployee compensation during the tax year are required to file Form 1099-NEC for each provider.

How to fill out new form for provider?

Form 1099-NEC should be filled out with the provider's name, address, Social Security number or EIN, and the total amount of nonemployee compensation paid.

What is the purpose of new form for provider?

The purpose of Form 1099-NEC is to report nonemployee compensation to the IRS and the provider so that they can accurately report their income.

What information must be reported on new form for provider?

The information that must be reported on Form 1099-NEC includes the provider's name, address, Social Security number or EIN, and the total amount of nonemployee compensation paid.

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