FORM 1099-MISC

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 31^st, 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 31^st.