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Tax Forms & Filings

Form 1099-NEC

Nonemployee Compensation form. Issued to independent contractors paid $2,000 or more starting with 2026 payments (up from $600; inflation-adjusted starting 2027). No taxes are withheld — the contractor is responsible for reporting the income and paying self-employment tax. Replaced 1099-MISC for nonemployee compensation starting in 2020.