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1099 Taxes2023-11-05T21:48:13+00:00

1099 Basics & FAQs

Browse these frequently asked questions about 1099 forms to help you find out when and where to locate them in your Openforce portal, plus other helpful tax form information.

I didn’t receive my 1099 in the mail.2022-12-15T05:42:41+00:00

You can verify your address in the Openforce portal and make any necessary corrections for future mailings. Address information will not be corrected on 1099 forms. You can access an electronic copy from the portal.

Need help viewing or updating your address? Here is a helpful step-by-step guide.

I lost my 1099. Can I get another copy?2022-12-15T05:33:35+00:00

We only issue one printed 1099, if applicable, for each recipient. But you can print a copy of your 1099s from the Openforce portal.

Need help finding your 1099? Watch this how-to video for step-by-step instructions.

View and download 1099s and settlement history from Openforce.

Is the Contractor Management Services (CMS) Fee tax deductible?2022-12-15T05:53:59+00:00

Unfortunately, Openforce is not qualified to provide you with tax advice; however, business expenses are generally tax-deductible, and the CMS Fee is an expense that you incurred while operating your business. You’ll want to speak with a tax preparer about what constitutes a legitimate deduction.

How Openforce will populate your 1099-NEC form:

Payer: Openforce/Contractor Management Services or your contracting company will be listed in this box.

Payer TIN: The EIN for Openforce or your contracting company will be listed in this box.

Recipient’s TIN: Your SSN or EIN will be listed in this box. This is based on data you provided during enrollment in Openforce.

Account Number: Openforce will populate an internal reference number in this box. No action is required from you.

Box 1: Non-employee compensation of at least $600.

Box 4: Federal income tax withheld. If you were subject to a federal withholding during the year, then the total of the withholding will be listed in this box.

Box 5-7: State tax-specific information.

Void/Corrected: If Openforce cancels your 1099, then the Void box will be checked. If Openforce changes the Non-Employee Compensation on your 1099, then the corrected box will be checked.

For more detailed information, visit the IRS website.

My 1099 does not match the amount of my deposits.2022-12-14T02:27:36+00:00
  • The 1099 is a gross report. Deposits have deductions.
  • If your contracting company is the payer of record (POR), they may have provided additional settlement data.
  • Some pay types in the system are classified as non-reportable, so they will not be included in the 1099.
What is a payer of record (POR)?2022-12-14T02:27:34+00:00

A payer of record is the party responsible for paying your settlements and for filling out the appropriate 1099 tax form and sending it to you.

What is an IRS 1099-NEC form?2022-12-15T05:47:52+00:00

The IRS 1099-NEC form is the form that is used to report independent contractor income to the IRS. NEC stands for Non-Employee Compensation. The requirements for reporting are as follows:

  • You were paid $600 or more during the calendar year.
  • Services performed by you were for business purposes.
  • Corporations are generally not issued a 1099-NEC and not required by the IRS.
When will I receive my 1099?2022-12-15T05:36:48+00:00

Your 1099 will be made available by January 31st of each year. A paper copy will be mailed to you, and you can find an electronic copy in the Openforce portal.

Need help finding your 1099? Watch this how-to video for step-by-step instructions.

View and download 1099s and settlement history from Openforce.

Where can I find my 1099?2024-01-24T02:02:57+00:00

Your 1099 will be made available by January 31st of each year. An electronic copy of your 1099 can be found in the Openforce portal.

  1. Log in to your Openforce portal.
  2. In the navigation menu, click Tax Documents.
  3. Click the document link to view and download your 1099.

Need more help? Watch this how-to video for step-by-step instructions.

View and download 1099s and settlement history from Openforce.

Why am I receiving a 1099-NEC tax form?2022-12-14T02:27:33+00:00

A 1099-NEC form was issued to you if you met the following requirements:

  • You were paid $600 or more during the calendar year.
  • Services performed by you were for business purposes.
  • Corporations are generally not issued a 1099-NEC and not required by the IRS.
Why didn’t I receive a 1099 form?2023-10-27T08:07:54+00:00

There are a few reasons why you may not have received a 1099 form. To qualify for a 1099 form, you must have made at least $600 in the calendar year. If you made at least $600 and you were registered as a C or S corporation then a form was not generated because the IRS does not require forms to be generated for corporations. As an alternative you can provide your tax preparer with your settlement report.

Watch this how-to video for step-by-step instructions on accessing your settlement report

Why do I have a 1099 from Openforce and from my contracting company?2022-12-15T05:45:31+00:00

If your contracting company started with Openforce mid-year, the contracting company is responsible for reporting income that they had paid to you as an independent contractor prior to Openforce.

I provide services to two (or more) Openforce contracting company clients. Why did I receive:

One 1099: Openforce is the payer of record for both contracting company clients, so your gross earnings were combined into one form.

Two or more 1099s: Openforce is the payer of record for one of the 1099s and the contracting company client is the payer of record for the other.

Why does my 1099 say ‘Contractor Management Services’?2022-12-15T05:51:46+00:00

Openforce is a DBA of Contractor Management Services, or CMS.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.
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