Besides the filing of the 1099-NEC form, you will also need to have the payee fill out and sign a Form W-9.

Do Employers Send Form 1099 to IRS? According to the writers at Bench, independent contractors do not file 1099-NEC forms; this is the employer's responsibility.

2024 tax filing: How to Direct File, 1099-K reportings, and other things to know By Megan Ziegler Published January 27, 2025 3:00am PST Money ...

Form 1099-NEC only has one filing deadline, which is Jan. 31. If you're a freelancer or independent contractor, you should receive your 1099-NEC by this date.

The 1099-NEC doesn't cover payments for merchandise; computer repairs get a 1099 while buying an office laptop doesn't. However, parts and items incidental to services do count toward the 1099 ...

How to File Form 1099-NEC When filing Form 1099-NEC, there will be a Copy A and a Copy B. Copy A is only for informational purposes and should not be printed and filed, according to the IRS. Only ...

Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...