Learn More About 1099-MISC

WHAT is a 1099-MISC?

1099-MISC is used to report payments for services performed for a business by people not treated as employees. (Example: Payments to subcontractors, freelancers, rent payments, or prizes.) A 1099-MISC form must be provided to the recipient, filed to the IRS, and filed to the state agency (where applicable).

WHY do I file 1099-MISC?

The IRS requires that all income is reported by businesses and individuals or penalties could apply.

WHO needs to file 1099-MISC?

Any business which pays for various services performed by an individual who is not an employee must file Form 1099MISC. See the official IRS instructions.

WHEN do I file 1099-MISC?

1099-MISC forms are required to be mailed to the recipient by Jan. 31, and e-filed with the IRS by Mar. 31. Paper forms must be filed by February 28. State filing deadlines vary by state, view state 1099 deadlines.

1099-MISC Reporting Information

What to Report

Amount to Report

Payments for services performed for a trade or business by people not treated as its employees.
Ex: Subcontractors.
$600 or more
Direct sales of consumer goods for resale. $5,000 or more
Rent or royalty payments; prizes and awards that are not for services, such as winnings on TV or radio shows. $600 or more, except $10+ for royalties
Payments to crew members by owners or operators of fishing boats, including payments of proceeds from sale of catch. All amounts
Fish purchases paid in cash for resale. $600 or more
Substitute dividends and tax-exempt interest payments reportable by brokers. $10 or more
Crop insurance proceeds. $600 or more
Gross proceeds paid to attorneys. $600 or more
Payments to a physician, physicians' corporation or other supplier of health and medical services. Issued mainly by insurance plans or medical assistance programs. $600 or more
Section 409A deferrals and income from non-qualified deferred compensation plans. All amounts ($600+ if deferrals)

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FileTaxes.com allows you to file the following forms: