Description

Companies must file Forms 1099-NEC with the IRS by Jan. 31, 2025, if they made payments totaling $600 or more for services performed by nonemployees, such as independent contractors, in 2024. A 30-day filing extension may be requested using Form 8809, but extensions will only be granted in limited cases for extraordinary circumstances or catastrophes. Companies must also furnish a copy of Form 1099-NEC to nonemployees by Jan. 31, 2025.