Per IRS regulations, we are required to report payments to working interest owners as non-employee compensation via a 1099 NEC form. Form 1099 MISC and Form 1099 NEC are mailed by January 31st. To request a copy of your tax form, or for questions about updating address or changing tax IDs, contact us online.
Please note that Form 1099 NEC is a new form for the 2020 Tax Year for reporting nonemployee compensation. This information was formerly reported in Box 7 of Form 1099 MISC.