The Form 1099-NEC reports non-employee compensation of $600 or more. Businesses must file it for:

  • Independent contractors
  • Freelancers
  • Self-employed individuals

The form must be provided to recipients by January 31 and filed with the IRS by the same date. This requirement is based on Section 6041A of the Internal Revenue Code. Electronic filing is required if submitting 250 or more forms.