Learn how to report non-employee compensation. Independent contractors, the IRS, ... You must file Form 1099-NEC with the IRS and send a copy to all recipients by January 31.

The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has reintroduced Form 1099-NEC as the ...More new way to report self-employment income instead of Form 1099-MISC as traditionally had ...