Form 1099-MISC

(redirected from Forms 1099-MISC)

Form 1099-MISC

A form one files with the IRS on which one reports royalties, lotteries, commissions, golden parachute payments, income earned by an independent contractor, and similar payments. The person earning this income receives a copy of the 1099-MISC, which he/she uses to determine income for filing his/her own taxes.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Real estate trades and businesses are required to file Forms 1099-MISC, Miscellaneous Income, for vendor payments in excess of $600 and to complete the questions at the top of Schedule E, Supplemental Income and Loss, regarding the requirement to file the forms and whether they were filed.
ezW2 software can prepare, print and e-file tax forms 1099-misc and 1096 too.
Peno did, in fact, file Forms 1099-MISC for each of the drivers who worked under the agreement.
The burden of compiling the data in order to issue Forms 1099-MISC to all those vendors should not be underestimated.
If the value of the prize is at least $600, it is reportable on Form 1099-MISC [Instructions for Forms 1099-MISC, pages MISC-1 and MISC-4].
(5) (The de minimis reporting requirements for Forms 1099-MISC and 1099-INT are $600 and $10, respectively.) To the extent interest is paid to a nonresident alien, the payer must file Form 1042-S, Foreign Person's U.S.
Earlier this year, Citibank surprised many of its customers by issuing Forms 1099-MISC, Miscellaneous Income, to report the value of frequent flyer miles the customers had received in exchange for opening new accounts as part of an ongoing promotion.
Furthermore, even if voluntary withholding is not elected by the military member, the employer may report the differential payments on Forms W-2 in Box 1 as opposed to reporting the payments on Forms 1099-MISC.
EzW2 software can print tax forms 1099-misc, 1096, W2 and W3 for Year 2013 to 2007 tax seasons.
Specks's compensation from the third parties was reported on Forms 1099-MISC, Miscellaneous Income.