IRS Revises Form 1099: Here’s a Quick Rundown of What’s New

After more than a year, the IRS has made changes to Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation.While changes used to occur annually, now the forms are “continuous use,” meaning the IRS revises them only when needed. The same goes for the instructions.Here’s a look at the latest versions, released in April 2025, and how they differ from the previous versions, released in January 2024.What the IRS SaidFor starters, companies had been re