You are required to file a complete and accurate tax return, which means including the Form 1099-NEC you received. Depending on your tax situation, it may or may not have any impact on your total tax (i.e. it may not affect your refund of amount you owe). If you don't include it and it does affect the amount you owe, or your refund, the IRS will adjust your return and bill you for any additional tax owed.
Normally income reported on Form 1099-NEC is subject to self-employment tax; however, if your self-employment income is below $400 it is not subject to self-employment tax.
[Edited 02-07-2022 | 10:41 PM EST]
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