FORM 1099-MISC - Form 1099 online

Saturday, 3 December 2016


Form 1099-MISC is a one of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC is to report amounts paid by a business (including nonprofits) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation). The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099economy" to refer to the independent contractors themselves. Other uses of Form 1099-MISC include rental income, royalties.

The form is issued by the payer (e.g. business) and is due to the recipient (e.g. contractor) by January 31 and to the IRS by the last day March, for box 7 due date January 31st, each year for work done during the previous tax year.  If the payer is registered to file electronically with the IRS the deadline for filing with the IRS is March 31 and for box 7 due date January 31st

1 comment:

  1. Thanks for sharing your experience. Such very useful info. If you want more info 1099 MISC Form Online


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