Who files a 1099-NEC form?
A 1099-NEC/1099-MISC form summarizes your earnings as an independent contractor or service provider. It’s provided to you and the IRS, as well as some US states, if you earned $600 or more in 2024.
The company or business owner—for example, Curri—that makes payments to the service provider or contractor for their services is required to report those payments to the IRS and also send a copy to the service provider or contractor.
Many businesses that have previously filed the 1099-MISC to report non-employee compensation in Box 7 will use the 1099-NEC starting this tax year.
Who receives a 1099-NEC form?
The service provider or contractor receives a copy for their records and the IRS also gets a copy—either through electronic filing or paper mailing. Typically, companies are only required to send 1099-NECs to service providers or contractors who’ve been paid $600 or more in a calendar year and are based in the US or US taxpayers.
At the end of the calendar year, you will receive an email from Stripe to opt into electronic delivery of a downloadable 1099 if you have not opted in already. You will be asked to verify your information. The email will be sent from [email protected] with a Curri-branded header.
1099s will be distributed by Jan 31st. If you do not opt into electronic delivery and do not receive your mailed 1099 before Feb 15th, please reach out to [email protected].
Why do I need to verify my information?
We want to ensure that information like your name, address, and Taxpayer Identification Number are up to date so that your 1099 tax form is accurate and sent to the right place.
I didn’t receive an email from Stripe—what should I do?
Please double-check your spam or junk mail folder for an email with the subject line “Get your Curri 2024 tax forms faster by enabling e-delivery.” If you haven’t received this email from Stripe, please reach out to Driver Support via email at [email protected].
When and where can I expect my 1099 tax form?
1099 tax forms are typically finalized in January. If you meet the income thresholds above, Stripe & Curri will send you an email to access your 1099 tax form (or mail a paper form if you prefer).
Deadlines
The Form 1099-NEC for the 2024 tax year must be filed with the IRS by Wednesday, January 31, 2024. This due date applies to both paper and electronically filed returns.
State filing considerations for 1099-NEC
Form 1099-NEC will not be included in the IRS 1099 Combined Federal/State Filing Program. This means that the IRS will not forward information returns from the 1099-NEC to participating states, so businesses who file the 1099-NEC may need to directly report this information with states. We recommend consulting a tax advisor to determine your state filing requirements.
More information from Stripe
*The deadline to report 2024 tax forms to the IRS through Stripe 1099 is January 25, 2024. This will ensure the forms are filed with the IRS and a copy is sent to the recipients before the IRS deadline of January 31, 2024.