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.

The 1099-NEC covers non-employee compensation – money you pay to independent contractors, subcontractors and businesses.

The IRS will begin processing 2024 tax returns on Jan. 27. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who earned more than ...

The software automatically tracks any payments made to vendors and contractors and will generate Forms 1099-NEC and 1099-MISC. You can also e-file these forms directly with the IRS.

Do you have to pay taxes on side hustles? What to know about 1099 forms and tax deductions you can qualify for.

Form 1099-NEC: Businesses who have paid $600 or more to independent contractors must e-file 1099-NEC with the IRS and distribute recipient copies.

If you file electronically, the deadline is March 31. What Is Form 1099-NEC? Businesses use IRS Form 1099-NEC to report $600 or more in non-employee compensation (NEC).

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.

In addition to employers giving copies of Form 1099-NEC to their freelancers and independent contractors, they need to file these forms with the IRS and their state tax authority.

Those who received more than $5,000 in payments for goods and services through an online marketplace or payment app in 2024 should expect to receive a Form 1099-K PDF in January 2025.