IRS Form 1099-MISC

What Is Form 1099-MISC: Miscellaneous Income?

Form 1099-MISC: Miscellaneous Income is an Internal Revenue Service (IRS) form taxpayers use to report non-employee compensation. This is generally a business payment—not a personal payment. Independent contractors, freelancers, sole-proprietors, and self-employed individuals, for example, receive one from each client who paid them $600 or more in a calendar year. The form is also used to report miscellaneous compensation such as rents, prizes, awards, healthcare payments, and payments to an attorney. A 1099-MISC form is one of many in the 1099 series and among the most commonly used. Taxpayers receive 1099s, including Form 1099-MISC, shortly after the end of the tax year.

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How to File Form 1099-MISC: Miscellaneous Income

Copy A of Form 1099-MISC appears on the IRS website in red. This copy of the form is not intended for print, rather it is for IRS use only. The black parts of the form can be completed and printed: Copy 1 goes to the recipient’s state tax department Copy B is retained by the recipient Copy 2 goes with recipient's state tax return Copy C stays with the payer The payer includes their name, address, and identification number, as well as the recipient's name, address, and Social Security number. A 1099-MISC form also has a series of boxes in which the payer will input whichever type of payment was made. That may include Rents in Box 1, Royalties in Box 2, or Non-Employee Compensation in Box 7. Other boxes that may be filled out include Box 4: Federal Income Tax Withheld and Box 16: State Tax Withheld. All copies of Form 1099-MISC are available on the IRS website. After downloading the free Form 1099-MISC template, if you need to fill in it or modify the content on your Mac, you may need a powerful PDF editor for Mac. Using PDF Reader Pro, you can add your own details and use this template design for your own needs, edit the PDF more conveniently. Download the form and fill it out using PDF Reader Pro. Click the button "free download" to download the app.