Payment History
To view historical payments included in your 1099-NEC tax form:
Navigate to your Tax Documents Dashboard, and select View details:
Select the Payments tab to review your payment history.
Next, each payment and the associated invoice will be visible.
If you'd like to keep a copy for your records, select Download CSV.
Understanding Payer's Discretion in Reporting
In addition to the payments you receive via VGCM, your payer can choose to include the following transaction types:
Off-Platform Payments
Example: If you received payment for a project via a direct bank transfer outside of Wingspan, the payer decides whether this gets included on your 1099-NEC.Card Processing Fees
Example: Fees deducted for a payment you received via a credit card transaction can be reported, depending on the payer's choice.Reimbursable Expenses
Example: You bought supplies for a project and were reimbursed by your client. This reimbursement may or may not be included in your 1099-NEC, based on the payer's decision.
Tips for Deducting Reimbursable Expenses
Deductible on Schedule C: If these expenses are reported on your 1099-NEC, remember you can deduct them on your Schedule C.
Record-Keeping is Key: Maintain detailed records of these expenses for accurate reporting and deduction claims.
Contact Your Payer
Your payer ultimately decides what types of payments are included in the Non-Employee Compensation Amount field on your 1099-NEC.
For questions about why a specific transaction was included in your 1099-NEC, you will need to contact your payer directly.
Reported Amount FAQs
Why aren't my Tax Withholdings reported on my 1099-NEC?
The 1099-NEC form is used to report non-employee compensation paid to independent contractors or freelancers, and it does not include any tax withholding information.
As an independent contractor, you are considered self-employed. This means that you are responsible for paying your own income taxes, as well as self-employment taxes. Your payments do not have any payroll taxes withheld by your payer or Wingspan, and it's your responsibility to pay taxes on the non-employee compensation shown on your 1099-NEC.
Wingspan offers an optional tax withholding feature to assist you in setting aside a percentage of your payments to pay for quarterly estimated federal taxes. It is at your sole discretion to maintain the balance of the tax withholding account so you can make tax payments, deposits, or withdrawals as needed. Therefore, it is your responsibility to maintain proper records of your tax payments to assist with your annual tax filing.
For additional information about how our tax withholding feature works, please visit our guide on Tax Withholdings.
How can I request a change to the 1099-NEC reported amount?
You have the ability to request corrections to the total amount reported on your 1099-NEC in the Wingspan app. For step-by-step instructions, please visit our guide to requesting 1099-NEC corrections.
Consult a Tax Professional! For personalized advice and assistance in understanding your tax obligations, it's always best to consult a tax professional.