The 1099 Report is a tax document required by the IRS (Internal Revenue Service) to report payments of $600 or more made during the previous calendar year (January 1 to December 31) to individuals, sole proprietors, or partnerships who are not employees. The most commonly used form for this is the 1099-NEC (1099–Nonemployee Compensation). This form must be delivered to recipients and filed with the IRS by January 31 of the following year.
Note: The 1099 Report in GoFreight is for reference only. It lists payments that may meet the 1099 reporting threshold, but it cannot be used for official IRS submission. Please use proper tax filing tools to submit your 1099 forms.
To generate a 1099 Report in GoFreight, please follow the instructions below:
- Navigate to “Accounting” > “Report” > “1099 Report” in the navigation bar.
- Before generating the 1099 Report, go to “Trade Partner” > “Trade Partner List” and select a specific partner’s profile.
- Enter the Tax ID and check the box for “Track Payments for 1099”. Then, click “Save”.
- In the 1099 Report section, select the Year and Office, then click “Download”.
Note: Only payments will be calculated in the report. - Review the 1099 Report Sample: