![]() 1099-MISC: An official IRS tax document providing a summary of other income such as prizes, legal settlements, etc.Form 1099-NEC is only replacing the use of Form 1099-MISC for reporting independent contractor payments. Form 1099-NEC is not a replacement for Form 1099-MISC. Only drivers and delivery people who received $600 or more of these types of payments will receive a 1099-NEC. 1099-NEC: An official IRS tax document providing a summary of promotion, referral, and other miscellaneous payments for the year.Backup withholding tax will be reported in Box 4 on 1099-K form. In addition, drivers and delivery people who have backup withholding during the year will receive a 1099-K regardless of any federal or States thresholds. Therefore, you might receive a 1099-K for amounts that are below $20,000. Note: Certain states have implemented lower reporting thresholds. See the IRS website for more information. Only drivers and delivery people who made more than $20,000 in customer payments and provided at least 200 rides or deliveries will receive a 1099-K. ![]() Not all drivers and delivery people will receive a 1099-K.
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