Whether it’s your first year filing 1099s or you’re a seasoned pro, it’s always a good idea to refresh your knowledge and ensure you’ re keeping up with the ever-changing requirements.

SO, WHAT IS A 1099?

Simply put, a 1099 is a form used to report income to the IRS. Each type of 1099 reports a different type of income. For the purposes of this guide, we’ll be focusing on the 1099-NEC: Nonemployee Compensation. A 1099-NEC reports payments for services from a non-employee that total over $600.

If you’re a small business owner who works with contractors (or you are a contractor yourself), you’ll want to download a free copy!