If you earn freelance income and you paid another freelancer $600 (or more) or over the course of the year to help you with your business, you probably need to send them a 1099-NEC. Basically, you’re sending a record to that person, and to the IRS, of how much you paid them.

You have multiple options for filing these:

• You can use the IRS's online Taxpayer Portal to file

• You can use services like efilemyforms.com or track1099.com 

• 1099s are due January 31 for the preceding year, so be sure to take care of them in a timely manner to avoid any potential penalties!

Things You Need to Fill Out a 1099-NEC For Someone You Paid

The easiest thing to do is ask the people you paid to send you a completed form W-9. This form will include all the information you need from them.

• Information needed for the person you paid (the "recipient" or "payee"):

  • Name (or business name)

  • Address

  • SSN (or EIN if they have one)

• Information needed for you (the "payer"):

  • Name (or business name)

  • Address

  • SSN (or EIN)

When you’re filling out our website, you can include the folks you sent 1099-NECs to under “People You Paid” on the SELF EMPLOYED tab. Be sure to total everyone you sent a 1099 to, as well as anyone you paid under $600 (you just don't have to issue those people a 1099).