Form used for individuals paid over 600?

The form used for individuals paid over $600 in a calendar year is the IRS Form 1099-NEC (Nonemployee Compensation). This form is typically issued by businesses to report payments made to independent contractors or freelancers. It must be provided to the recipient and filed with the IRS by January 31 of the following year. Proper reporting ensures compliance with tax regulations and helps individuals accurately report their income.