Deadlines to File Form 1099-NEC for 2023

Recipient Copies
January 31, 2024
IRS Filing Deadline
January 31, 2024
Paper Filing
January 31, 2024

The deadline for 1099 NEC will vary for states. Visit https://www.taxbandits.com/state-filing-requirements/ to know more about 1099 state filing deadline

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What is IRS Form 1099-NEC?

For many years the Form 1099 MISC with nonemployee compensation has been due to the IRS by January 31, however, other types of payments weren’t due until March. Until 2019, payers used Form 1099-MISC to report miscellaneous payments made to contractors, including non employee compensations of $600 or more in Box 7. The purpose of Form 1099-NEC is to eliminate the confusion of one form having two different deadlines.

The following payments should be reported in Form 1099-NEC.

  • Fees
  • Commissions
  • Prizes
  • Awards
  • Other forms of compensation

Learn more about difference between Form 1099-MISC and 1099-NEC.

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What are the Informations Required to file Form 1099-NEC?

The following information are required to file 1099-NEC Online:

  • Payer Details: Name, TIN, and Address
  • Recipient Details: Name, TIN, and Address
  • Nonemployee compensation
  • Federal income tax withheld
  • State Filing Details: State Income, Payer State Number, and State Tax Withheld

Visit https://www.taxbandits.com/1099-forms/form-1099-nec-instructions/ to know more about the filing of 1099-NEC Instructions.

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