Form 1099-NEC 2024

The 1099-NEC form (Non-Employee Compensation) is an IRS tax document that businesses or individuals use to report any money paid to independent contractors or non-employees during a calendar year. If the total payments made during the year exceed $600, the paying party must issue a 1099-NEC. The recipient must use this form to report their income when filing taxes.

Last updated July 1st, 2024

The 1099-NEC form (Non-Employee Compensation) is an IRS tax document that businesses or individuals use to report any money paid to independent contractors or non-employees during a calendar year. If the total payments made during the year exceed $600, the paying party must issue a 1099-NEC. The recipient must use this form to report their income when filing taxes.

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