DaveF1006
Expert Alumni

Business & farm

Yes, you will need to issue a 1099-NEC for each contractor you paid more than $600. According to this IRS link, the deadline to send these to your contractors is 02/01. There is no automatic 30-day extension to file Form 1099-NEC. However, an extension to file may be available under certain hardship conditions. 

You may file after the filing deadline but there are penalties for submitting after the deadline. Those penalties are listed here.

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