2016 1096

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#1
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Have just started preparing my 1099's for clients and noticed a new line on the 1096. Line 7 - "Form 1099MISC with NEC in box 7, check".

I had already printed several sets before I noticed it, so just giving everyone a heads up! I think I will mark the box manually, at this point. Any ideas as to the purpose of this?

I have printed one set of 1099-MISC which include two 1099's with info in box 7, and two more with info in box 1. I would assume on the 1096 that I would need to check the box on line 7. Agree?
 

#2
jon  
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Guess NEC Non Employee Compensation????
 

#3
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Yes, it took me a while to figure that out!
 

#4
jon  
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Really nothing in instructions? I was just guessing.
 

#5
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Can't find anything in instructions on it. They just decided to add it to the form, it appears!
 

#6
Joan TB  
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Probably was added because of change to due dates effective with 2016 forms. Form 1099-MISC with amounts in Box 7 for NEC are due to IRS by 1/31/2017. Other Forms 1099-MISC are due 2/28/2017.
 

#7
zl28  
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can one get an extension for the filing of the 1099-misc's?
 

#8
jon  
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Thomas Reuters NEC is automatically checked on the 1096 with things in box 7.

Extension - is a good question? How do brokerage firms get theirs? I do not need.
 

#9
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Yes, see Form 8809.
 


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