Form 1099-NECInformation Returns (1099, W-9)
Nonemployee Compensation
Reports payments to non-employees (independent contractors). Reintroduced in 2020 (previously reported on Form 1099-MISC).
Who Files This Form
Businesses paying $600+ to independent contractors, freelancers, and sole proprietors
Due Date
January 31 (to both recipient and IRS)
Important Notes
Late filing penalty starts at $60 per form. Get contractor's TIN via Form W-9 before paying them.
Related Forms
Form 1096Form W-9
Official IRS Source
Always download the current version and instructions from the IRS website before filing.
Educational Reference Only: This is general information about Form 1099-NEC, not tax advice. Form instructions change annually. Always download the current version from irs.gov and read the official instructions. Consult a qualified tax professional for your specific situation. Read full disclaimer →