Navigating 1099 forms can feel overwhelming, but it's essential for businesses and independent contractors. The 1099 form is an IRS document used to report various types of income other than wages, salaries, and tips. If you've paid an independent contractor $600 or more during the tax year, you're required to file this form.

Key Things You Need to Know:

What forms should you file? The most common are 1099-NEC (for non-employee compensation) and 1099-MISC (for miscellaneous income). Understanding the differences between 1099 vs W-2 is crucial—W-2s are for employees, while 1099s are for contractors.

Filing deadlines matter! For tax year 2025, missing deadlines can result in significant penalties. The good news? You can now e-file 1099 forms online, making the process faster and more efficient.

Made a mistake? Don't panic. Correcting a 1099 form error is straightforward when you follow IRS guidelines.

Small business 1099 reporting doesn't have to be complicated. The IRS general instructions for 1099 information returns provide comprehensive guidance, and the 1099 form 2025-26 versions are available online.

Need assistance? Call 1-866-513-4656 for expert support with your 1099 filing requirements.