There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation (Form 1099-NEC), and it’s due soon.
1099 Forms Due to Recipients Soon

There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation (Form 1099-NEC), and it’s due soon.
For taxpayers who’ve turned to gig work this year it’s critical to understand the income tax responsibilities for gig workers.
The classification of workers as independent contractors or employees has significant implications — both tax and nontax — for all businesses.
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others.