What is

Form 1099-NEC

?

An IRS form to report payments to independent contractors and other non-employees.

Form 1099-NEC is used to report non-employee compensation. It's the form you'll need if you've paid independent contractors or freelancers for their services. Reporting these payments accurately with Form 1099-NEC helps you comply with the IRS and ensures smooth tax filing. Keep your records in order, and you'll be ready for tax season when it comes around.