If you paid any contractor, freelancer, or attorney $600 or more in 2025, you must file Form 1099-NEC with the IRS by January 31st. Miss the deadline and you face penalties up to $680 per form.
January 31st
$600 or more
Form 1099-NEC
$680 per form
2025
If you paid someone $600 or more with your business, you need to file this with the IRS before January 31st or there will be consequences. Penalties. There will be penalties for every contractor, freelancer or attorney you paid $600 or more in 2025. You must file a 1099 NEC. Now you may be wondering what the heck is a 1099 and why should I care? Number one, it tells the IRS that you're reporting your income correctly and number two it tells the person you paid so they can report their income correctly as well. And here's the kicker. If you fail, the IRS can charge up to $680 per form in penalties. Isn't that just awesome? Yeah, no thank you. So if you're sitting there thinking to yourself I have no idea where to even start with this, then give us a follow and drop us a question in the comments below and we're happy to help. Anything 1099 related.
