If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets ...

You can also look up more information about each form at IRS.gov. For example, if you’re self-employed, you generally report your income from 1099-NEC on Schedule C, Profit or Loss from Business.

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You'll receive tax form 1099-K if you earned more than $5,000 ... Once this rule takes effect, you may still receive individual 1099-NEC forms if you were paid through direct deposit, check ...

If you file your forms electronically, you do not need to submit Form 1096. But, if you're mailing paper versions of ...

If I’ve paid someone, like a contractor or freelancer, more than $600 in a year, I need to issue a 1099-NEC form. This helps ...