- 1099-NEC: An official IRS tax document providing a summary of promotion, referral, and other miscellaneous payments for the year. Only restaurants who received $600 or more of these types of payments will receive a 1099-NEC. Form 1099-NEC is not a replacement for Form 1099-MISC. Form 1099-NEC is only replacing the use of Form 1099-MISC for reporting independent contractor payments.