Important Information About the 1099-NEC

The Department is now accepting Form 1099-NEC, Nonemployee Compensation.

The IRS has reinstated Form 1099-NEC, Nonemployee Compensation, effective for tax year 2020 and forward. This form will report nonemployee compensation formerly reported on line 7 of Form 1099-MISC, Miscellaneous Income.

Beginning January 5, 2021, you can submit Form 1099-NEC to the Colorado Department of Revenue through Revenue Online, Submit Year-End Withholding option. Please see the IRS Publication 1220, the How to File Withholding Tax Online web page, and the Colorado Withholding Tax Guide for specifications for electronic filing of forms.