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| # of Forms | 1-20 | 21-150 | 151-500 | 501-1000 | 1000+ |
|---|---|---|---|---|---|
| Pricing Tier / Form | $ 2.90 | $ 2.19 | $ 1.25 | $ 0.65 | Get a Quote  |
Form 1099-NEC is addition to the 1099 information filing series. The form was reintroduced in the 2020 tax year, enabling taxpayers to report non-employee compensations independently. IRS Form 1099-NEC specifically reports compensations amounting to $600 or more made to non-employee parties, such as vendors, freelancers, independent contractors, and more. Business taxpayers use this form to report the non-employee compensations made during the course of a year along with the vendor TIN details.
IRS Form 1099-NEC for 2024 Tax year, we don't have any regulatory changes compare to 1099-NEC for 2024 Tax Year.
Businesses that are required by the IRS to report with Form 1099-NEC in a tax year
If you agree with the following, you must eFile Form 1099-NEC with the IRS
According to the IRS, business taxpayers are required to file Form 1099-NEC on or by January 31, 2024. Both eFiles and paper files must be submitted on or by this due date to avoid late filing penalties.
Here’s the filing cycle schedule for Form 1099-NEC
| Filing Type | Due Date |
|---|---|
| Recipient Deadline | Friday - January 31, 2025 |
| E-file Deadline | Friday - January 31, 2025 |
| Paper Filing Deadline | Friday - January 31, 2025 |
Tax1099 is an authorized agent of the IRS. This is a good thing for you because you can eFile your 1099 forms with us with 100% confidence. Our eFile transmission services allow you to instantly submit your electronic returns to the IRS in a secure and encrypted manner. No more software downloads. No more worrying about data interceptions.
Tax1099 will securely transmit your 1099-NEC forms to the IRS and you will receive an immediate confirmation after your returns have been submitted successfully.
In the uneventful scenario where your returns are rejected by the IRS for inaccuracies or inconsistencies, our tax experts will help resolve the conflicts and help you eFile the corrected 1099-NEC returns at no additional cost.
Tax1099 believes that paying the taxes is taxing enough. To make things easier, we have designed our eFile pricing plans to suit your e-filing requirements. This way you only spend in accordance with what you really need. Choose from any of the following plans.
| # of Forms | 1-20 | 21-150 | 151-500 | 501-1000 | 1000+ |
|---|---|---|---|---|---|
| Pricing Tier / Form | $ 2.90 | $ 2.19 | $ 1.25 | $ 0.65 | Get a Quote |
You can choose to upgrade to other pricing plans over time or build your pricing plan by talking to our team.
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The CFSFP Combined Federal State Filing Program allows parts of your federal eFile to be transmitted to the state at no extra charge. Non-participating states must receive a direct file. Learn more about state filing here.
Thanks to the continuous feedback we receive from thousands of users like you, we have further simplified our eFile process to help you eFile better, faster, and smarter.
Tax1099’s 4-Step Process To eFile 1099 Returns Quickly & Securely
If you’re a business or a self-employed individual compensating a non-employed party in exchange for their services and the total amount paid is $600 or greater, then you must eFile Form 1099-NEC.
The IRS requires taxpayers to report the vendor tax details, such as the Name and TIN in Form 1099-NEC. If you’re reporting payments made to independent contractors or freelancers, then you must furnish the TIN information of the vendor as well. To obtain the TIN details from the vendor, you can send out a W-9 Form and validate the TIN with IRS TIN Matching prior to filing.
The IRS assess late filing penalties on taxpayers when it doesn’t receive the tax files by the prescribed due dates. Currently, the late filing penalty is around $50 to $270. This amount will go higher if you continue to delay filing your returns. To prevent being penalized, you can eFile before the deadline. You can even schedule your eFiles to avoid missing the due date.
The IRS retains the non-employment compensation reports to validate and verify if the payer, payee, and other intermediaries involved are reporting their incomes and payments accurately. This enables business ecosystems to follow a regulatory reporting protocol and stay compliant. Further, Form 1099-NEC reporting curbs malpractices within certain industries where employees are misclassified as independent contractors.
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The Combined Federal State Filing (CFSF) program allows a part of your federal eFile to be transmitted to the state at no extra cost.
Non-participating states must receive a direct file.
Learn more about 1099 state filing requirements
The IRS assesses late filing penalties when taxpayers delay filing their tax returns. These penalties are further fuelled with interest and notices, taking away your peace of mind.
With Tax1099, you can schedule your eFiles and never miss filing your returns by the due date.
Maintain a compliant relationship with the IRS with Tax1099’s help
Schedule your eFile NowYou can further prepare and draft your eFiles and have Tax1099 schedule your eFiles on your behalf. We will make sure that your returns reach the IRS at least two weeks before the deadline.
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