Form 1099-NEC deadline for 2024 Tax Year

Form 1099-NEC Deadline

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For the 2024 tax year, Form 1099-NEC Deadline is January 31, 2025, to be reported with the IRS and sent to recipients by January 31, 2025.

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IRS Form 1099-NEC Filing Deadline for 2024 Tax Year

For the 2024 tax year, IRS Form 1099-NEC is due by January 31, 2025. For all the payments done in the 2024 and eligible for 1099-NEC filing need to be file by January 31, 2025.

Topics covered in this article include:

What is Form 1099-NEC?

Form 1099-NEC is used by businesses to report non-employee compensation of $600 or more paid to independent contractors, freelancers, and other non-employees during the tax year. This form has replaced the previous method of reporting non-employee compensation on Form 1099-MISC.

If you’ve made $600 or more in payments to a non-employee, it’s essential to file Form 1099-NEC by the IRS due date.

When is the Deadline for Filing Form 1099-NEC for the 2024 Tax Year?

Key Deadlines :

Action Deadline
Paper Filing January 31, 2025
eFiling January 31, 2025
Sending Recipient Copies January 31, 2025

Make sure to file on time to avoid penalties and ensure your contractors have the necessary tax documents to file their returns.

Penalties for Not Filing Form 1099-NEC on Time

The IRS imposes penalties for missing the Form 1099-NEC deadline. To avoid these penalties, be sure to file on time.

Here’s a breakdown of the penalties for late filing:

Days Late Penalty per Return
Up to 30 days $60
31 days late through August 1 $120
After August 1 $310
Intentional disregard $630

Don’t risk paying these penalties— file Form 1099-NEC on time and avoid these costly fees!

How to File Form 1099-NEC

There are two methods to file Form 1099-NEC: Paper filing and Electronic filing.

1099-NEC Paper Filing:

  • Download and print Form 1099-NEC from the IRS website.
  • Manually complete the form with the required information for both payer and recipient.
  • Mail the form to the IRS before the deadline (January 31st, 2025).
  • Send a copy of the completed form to the recipient by the same deadline.

While paper filing is an option, it’s slower, and you won’t receive filing status updates, increasing the risk of errors or delays.

1099-NEC Electronic Filing (eFiling):

eFiling is the quickest and most accurate method recommended by the IRS. 1099Online makes it easy for you to file Form 1099-NEC electronically, ensuring compliance and a stress-free filing process.

eFile Form 1099-NEC in Less Than 5 Minutes

With 1099Online, you can easily file Form 1099-NEC online in just a few steps. Don’t worry about paperwork or missed deadlines—our easy-to-use platform streamlines the entire process for you.

Steps to eFile with 1099Online:

  • 1. Enter Your Information: Provide payer and recipient details, including non-employee compensation.
  • 2. Review Your Form: Double-check the form for accuracy before submitting.
  • 3. Transmit to the IRS: Send your completed form directly to the IRS.
  • 4. Send Recipient Copies: You can choose to email or mail recipient copies via 1099Online.

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Why Should I eFile Form 1099-NEC with 1099Online?

  • Quick Processing: File in under 5 minutes—no more worrying about paperwork!
  • Instant Filing Status: Track your filing status in real-time to ensure your form is accepted by the IRS.
  • Affordable: eFile Form 1099-NEC for as low as $0.80 per form, making it the most cost-effective option.
  • No Paperwork: Avoid the hassle of printing, mailing, and tracking forms.
  • Record Keeping: Keep your filing records securely stored in our system for future reference.

eFile Now to Avoid Last-Minute Stress!

Don’t risk penalties! eFile Form 1099-NEC ahead of the deadline for peace of mind and easy IRS compliance.

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