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.

IRS tax forms are official documents that are required to be submitted by employers, individuals, or businesses to the Internal Revenue Service. There are more than 2,700 tax forms and IRS publications available to taxpayers. Some of these forms must be submitted along with annual returns, while others may be required to file quarterly.