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. Unlike Form 1099-MISC, there are no ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ...

That changed in 2020, however, when the IRS brought Form 1099-NEC back to life after it was retired in the 1980s. Form 1099-NEC now reports income paid to independent contractors of $600 or more.

Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...

Starting with 2020, this nonemployee pay is reported on Form 1099-NEC: Nonemployee Compensation. These forms generally report business payments—not personal ones.

The IRS Free File program at IRS.gov offers free tax software in 2025 to those with adjusted gross incomes of $84,000 or less. Free File is already available online at IRS.gov to use to prepare ...

If you pay non-employee compensation, the IRS 1099 instructions say, the 1099 form you use is now the 1099-NEC. You only use the 1099-MISC for items such as rent, medical payments, payments to ...