You received this form instead of Form W-2 because the payer did not consider you an employee and did not withhold income tax or social security and Medicare tax.
this form may show only the last four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number
Instructions for Forms 1099-MISC and 1099-NEC (01/2024)
File Form 1099-NEC or Form 1099-MISC to report sales totaling $5,000 or more of consumer products to a person on a buy-sell, a deposit-commission, or other commission basis for resale. If you use Form 1099-NEC to report sales totaling $5,000 or more, then you are required to file Form 1099-NEC with the IRS by January 31.
About Form 1099-NEC, Nonemployee Compensation
Information about Form 1099-NEC, Nonemployee Compensation, including recent updates, related forms, and instructions on how to file.
If you use Form 1099-NEC to report sales totaling $5,000 or more, then you are required to file Form 1099-NEC with the IRS by January 31. You must also file Form 1099-MISC for each person from whom you have withheld any federal income tax (report in box 4) under the backup withholding rules regardless of the amount of the payment.
You may either file Form 1099-MISC (box 7) or Form 1099-NEC (box 2) to report sales totaling $5,000 or more of consumer products to a person on a buy-sell, a deposit-commission, or other commission basis for resale. If you use Form 1099-NEC to report sales totaling $5,000 or more, then you are required to file Form
report rents on Schedule C (Form 1040) if you provided significant services to the tenant, sold real estate as a business, or rented personal property as a business.
To complete Form 1099-NEC, use: • The 2021 General Instructions for Certain Information Returns, and
Online ordering for information returns and employer returns
What's new: E-file Forms 1099 with IRIS New filing portal for information returns helps taxpayers, reduces paper filings. The IRS provided taxpayers a new free service on January 23, 2023 to help with filing Forms 1099 series information returns.
Reporting payments to independent contractors - Internal …
If you pay independent contractors, you may have to file Form 1099-NEC, Nonemployee Compensation, to report payments for services performed for your trade or business. If the following four conditions are met, you must generally report a …