1099-Misc efile for 2016 - Form 1099 online

Friday, 10 March 2017

1099-Misc efile for 2016

1099-Misc efile for 2016, Miscellaneous Income, for each person to whom you have paid during the year: At least $10 in royalties (see the instructions for box 2) or broker payments in lieu of dividends or tax-exempt interest (see the instructions for box 8); At least $600 in:
1. rents (box 1 - 1099-Misc efile for 2016);
2. services performed by someone who is not your employee (including parts and materials), (box 7 - 1099-Misc efile for 2016);
3. prizes and awards (see instructions for boxes 3 and 7 - 1099-Misc efile for 2016);
4. other income payments (box 3 - 1099-Misc efile for 2016);
5. medical and health care payments (box 6 - 1099-Misc efile for 2016);
6. crop insurance proceeds (box 10 - 1099-Misc efile for 2016);
7. cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish (box 7 - 1099-Misc efile for 2016);
8. generally, the cash paid from a notional principal contract to an individual, partnership, or estate (box 3 - 1099-Misc efile for 2016);
9. Payments to an attorney. See Payments to attorneys, later; or
10. Any fishing boat proceeds (box 5 - 1099-Misc efile for 2016).
In addition, use 1099-Misc efile for 2016 to report that you made direct sales of at least $5,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment (box 9). You must also 1099-Misc efile for 2016 for each person from whom you have withheld any federal income tax (report in box 4) under the backup withholding rules regardless of the amount of the payment.

1 comment:

Post Top Ad

Responsive Ads Here