Form 1099 NEC - Deadline and Filing Requirements
Non-employee compensation refers to the payments made to independent contractors and vendors, these payments must be reported to the IRS. If your business hired independent contractors and/or vendors and paid them more than $600 for their services, you are required to file 1099-NEC with the IRS and furnish them with a copy.
Table of Contents:
- When is the 1099-NEC Deadline for 2025?
- What happens if you fail to file Form 1099-NEC before the due date?
- What are the Filing Requirements for Form 1099 NEC?
- Why is it important to request a W-9 form before the 1099-NEC is due?
- How to file Form 1099-NEC with TaxBandits?
When is the 1099-NEC Deadline for 2025?
Form 1099-NEC is due on January 31 for both recipient copies and IRS, irrespective of the filing methods (paper or e-filing). The deadline to report Form 1099-NEC for the 2025 tax year is February 2, 2026. If the deadline falls on any weekend or public holiday, the deadline will move to the next business day.
| Recipient copy | Paper filing | E-filing |
|---|---|---|
|
February 2, 2026 Simply get started with TaxBandits and your recipient copies will be delivered on time. |
February 2, 2026 IRS Recommend to file 1099 NEC electronically for quick processing and instant approval |
February 2, 2026
Don't wait till the deadline. Get started with TaxBandits today and |
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Want to know the 1099-NEC State Filing Deadline?
Most of the states have January 31st as the 1099-NEC filing deadline. But, the deadline to file will vary for
some states.
Click here to learn more about the state filing deadline.
What happens if you fail to file Form 1099-NEC before the due date?
If you fail to file Form 1099-NEC, your business may be subject to IRS late filing penalties, which vary depending on how late the form is filed. Penalties range from $60 to $680 per form, based on the period of the delay.
The maximum penalty rate might vary based on your business type, either small or large business. Learn More about 1099 NEC Penalties here.
What are the Filing Requirements for Form 1099 NEC?
If your business hired an 1099 contractor, freelance worker, or vendor during the tax year and paid them $600 or more for their services, your business is required to report this on Form 1099-NEC. When filing this form, please note that your business is considered the “payer” and the independent contractor/vendor is the “recipient”.
Form 1099-NEC requires the following information:
- Payer (your business) name, address, and TIN
- Recipient (independent contractor) name, address, and TIN
- Total Nonemployee compensation
- Excess golden parachute payments
- Federal and state income tax withheld
Ready to File 1099 NEC Online? Get Started with TaxBandits and E-file 1099 NEC in minutes!
Why is it important to request a W-9 form before the 1099-NEC is due?
Requesting a W-9 form from your vendors or independent contractors ensures you have the correct information, including their TIN, legal name, and address. This is essential for accurate 1099-NEC filing. Without a valid W-9, you could face delays in reporting, errors, or penalties due to missing or incorrect TINs, and may also be required to withhold backup taxes. Make sure to request W-9 forms early to meet the 1099-NEC filing deadline and stay compliant with IRS regulations.
How to file Form 1099-NEC with TaxBandits?
With just a few simple steps, you can e-file 1099-NEC in minutes and deliver recipient copies through postal mail or a secure online access portal.
TaxBandits offers various time-saving features like bulk upload, seamless integration with your existing accounting software, TIN matching, and more to simplify your tax filing process.
- Step 1:Create an account and select the 1099-NEC Form.
- Step 2:Enter Form Information for Form 1099-NEC
- Step 3:Review the Form Summary and make any necessary corrections
- Step 4:Transmit the Form to the IRS and state
File your 1099-NEC electronically with TaxBandits before the deadline. Get Started Today!
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