I will efile your company 1099 forms

The 1099-NEC is a form specifically for reporting non-employee compensation—currently defined as payments to individuals not on payroll on a contract basis to complete a project or assignment. This would include all independent contractors, gig workers, or self-employed individuals.

If your business paid an individual or LLC at least $600 during the year in rent paid, legal settlements, or prize or award-winnings, you are required to file a 1099-MISC.

If your business hired a contractor and paid them more than $600 in a year, it’s your responsibility to file a Form 1099-NEC with the IRS and send a copy to the contractor.

The due date to file Copy A of Form 1099-NEC with the IRS is January 31 of the following year. If this date does not fall on a business day, the due date will be the next business day. Similarly, the deadline to provide Copy B of Form 1099-NEC to contractors is January 31 of the following year.

If you missed the deadline, you will pay a penalty depending on how late the payment is. These penalties are: $50 if you file within 30 days $100 if you file more than 30 days late, but before August 1 $260 if you file on or after August 1