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IRS 1099-MISC Form

The IRS 1099-MISC form is a tax document used to report various types of income received by individuals or businesses that are not classified as wages or salary. This form is essential for freelancers, independent contractors, and other non-employees who earn income throughout the year. Understanding its purpose and requirements can help ensure compliance with tax regulations.

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IRS 1099-MISC Sample

Attention:

Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not. Do not print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at IRS.gov/Form1099, for more information about penalties.

Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient.

If you have 10 or more information returns to file, you may be required to file e-file. Go to IRS.gov/InfoReturn for e-file options.

If you have fewer than 10 information returns to file, we strongly encourage you to e-file. If you want to file them on paper, you can place an order for the official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, at IRS.gov/EmployerForms. We’ll mail you the forms you request and their instructions, as well as any publications you may order.

See Publications 1141, 1167, and 1179 for more information about printing these forms.

9595

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country, ZIP

Rents

OMB No. 1545-0115

or foreign postal code, and telephone no.

Form 1099-MISC

Miscellaneous

Royalties

(Rev. January 2024)

Information

For calendar year

Other income

Federal income tax withheld

Copy A

For

PAYER’S TIN

RECIPIENT’S TIN

Fishing boat proceeds

Medical and health care

Internal Revenue

payments

Service Center

File with Form 1096.

RECIPIENT’S name

Payer made direct sales

Substitute payments in lieu

For Privacy Act

totaling $5,000 or more of

of dividends or interest

and Paperwork

consumer products to

recipient for resale

Reduction Act

Street address (including apt. no.)

Crop insurance proceeds

Gross proceeds paid to an

Notice, see the

attorney

current General

Instructions for

Certain

City or town, state or province, country, and ZIP or foreign postal code

Fish purchased for resale

Section 409A deferrals

Information

Returns.

13 FATCA filing

Excess golden parachute

Nonqualified deferred

requirement

payments

compensation

Account number (see instructions)

2nd TIN not.

State tax withheld

State/Payer’s state no.

18 State income

Form 1099-MISC (Rev. 1-2024)

Cat. No. 14425J

www.irs.gov/Form1099MISC

Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

	VOID	CORRECTED
PAYER’S name, street address, city or town, state or province, country, ZIP			1	Rents	OMB No. 1545-0115
or foreign postal code, and telephone no.
			$		Form 1099-MISC		Miscellaneous
			2	Royalties	(Rev. January 2024)			Information
					For calendar year
			$

			3	Other income	4	Federal income tax withheld		Copy 1
			$		$			For State Tax
PAYER’S TIN	RECIPIENT’S TIN		5	Fishing boat proceeds	6	Medical and health care		Department
						payments
			$		$
RECIPIENT’S name			7	Payer made direct sales	8	Substitute payments in lieu
				totaling $5,000 or more of		of dividends or interest
				consumer products to	$
				recipient for resale	$
Street address (including apt. no.)			9	Crop insurance proceeds	10	Gross proceeds paid to an
						attorney
			$		$
City or town, state or province, country, and ZIP or foreign postal code			11	Fish purchased for resale	12	Section 409A deferrals
			$		$
		13 FATCA filing	14	Excess golden parachute	15	Nonqualified deferred
		requirement		payments		compensation
			$		$
Account number (see instructions)			16	State tax withheld	17	State/Payer’s state no.		18 State income
			$					$
			$					$
Form 1099-MISC (Rev. 1-2024)		www.irs.gov/Form1099MISC				Department of the Treasury - Internal Revenue Service

CORRECTED (if checked)

PAYER’S name, street address, city or town, state or province, country, ZIP 1 Rents	OMB No. 1545-0115
or foreign postal code, and telephone no.

			$	Form 1099-MISC		Miscellaneous
			2 Royalties	(Rev. January 2024)			Information
				For calendar year
			$

			3 Other income	4 Federal income tax withheld			Copy B
			$	$			For Recipient
PAYER’S TIN	RECIPIENT’S TIN		5 Fishing boat proceeds	6	Medical and health care
					payments
			$	$
RECIPIENT’S name			7 Payer made direct sales	8	Substitute payments in lieu		This is important tax
			totaling $5,000 or more of		of dividends or interest		This is important tax
			consumer products to	$			information and is
			recipient for resale	$			being furnished to
Street address (including apt. no.)			9 Crop insurance proceeds	10	Gross proceeds paid to an		the IRS. If you are
					attorney		required to file a
			$	$			return, a negligence
			$	$			penalty or other
City or town, state or province, country, and ZIP or foreign postal code			11 Fish purchased for resale	12	Section 409A deferrals		sanction may be
							imposed on you if
			$	$			this income is
			$	$			taxable and the IRS
		13 FATCA filing 14 Excess golden parachute		15	Nonqualified deferred		determines that it
		requirement	payments		compensation		has not been
			$	$			reported.
			$	$
Account number (see instructions)			16 State tax withheld	17	State/Payer’s state no.		18 State income
			$				$
			$				$
Form 1099-MISC (Rev. 1-2024)	(keep for your records)		www.irs.gov/Form1099MISC		Department of the Treasury - Internal Revenue Service

Instructions for Recipient

Recipient’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN). However, the payer has reported your complete TIN to the IRS.

Account number. May show an account or other unique number the payer assigned to distinguish your account.

Amounts shown may be subject to self-employment (SE) tax. Individuals should see the Instructions for Schedule SE (Form 1040). Corporations, fiduciaries, or partnerships must report the amounts on the appropriate line of their tax returns.

Form 1099-MISC incorrect? If this form is incorrect or has been issued in error, contact the payer. If you cannot get this form corrected, attach an explanation to your tax return and report your information correctly.

Box 1. Report rents from real estate on Schedule E (Form 1040). However, report rents on Schedule C (Form 1040) if you provided significant services to the tenant, sold real estate as a business, or rented personal property as a business. See Pub. 527.

Box 2. Report royalties from oil, gas, or mineral properties; copyrights; and patents on Schedule E (Form 1040). However, report payments for a working interest as explained in the Schedule E (Form 1040) instructions. For royalties on timber, coal, and iron ore, see Pub. 544.

Box 3. Generally, report this amount on the “Other income” line of Schedule 1 (Form 1040) and identify the payment. The amount shown may be payments received as the beneficiary of a deceased employee, prizes, awards, taxable damages, Indian gaming profits, or other taxable income. See Pub. 525. If it is trade or business income, report this amount on Schedule C or F (Form 1040).

Box 4. Shows backup withholding or withholding on Indian gaming profits. Generally, a payer must backup withhold if you did not furnish your TIN. See Form W-9 and Pub. 505 for more information. Report this amount on your income tax return as tax withheld.

Box 5. Shows the amount paid to you as a fishing boat crew member by the operator, who considers you to be self-employed. Self-employed individuals must report this amount on Schedule C (Form 1040). See Pub. 334.

Box 6. For individuals, report on Schedule C (Form 1040).

Box 7. If checked, consumer products totaling $5,000 or more were sold to you for resale, on a buy-sell, a deposit-commission, or other basis. Generally, report any income from your sale of these products on Schedule C (Form 1040).

Box 8. Shows substitute payments in lieu of dividends or tax-exempt interest received by your broker on your behalf as a result of a loan of your securities. Report on the “Other income” line of Schedule 1 (Form 1040).

Box 9. Report this amount on Schedule F (Form 1040).

Box 10. Shows gross proceeds paid to an attorney in connection with legal services. Report only the taxable part as income on your return.

Box 11. Shows the amount of cash you received for the sale of fish if you are in the trade or business of catching fish.

Box 12. May show current year deferrals as a nonemployee under a nonqualified deferred compensation (NQDC) plan that is subject to the requirements of section 409A plus any earnings on current and prior year deferrals.

Box 13. If the FATCA filing requirement box is checked, the payer is reporting on this Form 1099 to satisfy its account reporting requirement under chapter 4 of the Internal Revenue Code. You may also have a filing requirement. See the Instructions for Form 8938.

Box 14. Shows your total compensation of excess golden parachute payments subject to a 20% excise tax. See your tax return instructions for where to report.

Box 15. Shows income as a nonemployee under an NQDC plan that does not meet the requirements of section 409A. Any amount included in box 12 that is currently taxable is also included in this box. Report this amount as income on your tax return. This income is also subject to a substantial additional tax to be reported on Form 1040, 1040-SR, or 1040-NR. See the instructions for your tax return.

Boxes 16–18. Show state or local income tax withheld from the payments.

Future developments. For the latest information about developments related to Form 1099-MISC and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099MISC.

Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e-filing, and direct deposit or payment options.

CORRECTED (if checked)

PAYER’S name, street address, city or town, state or province, country, ZIP 1 Rents	OMB No. 1545-0115
or foreign postal code, and telephone no.

			$		Form 1099-MISC		Miscellaneous
			2 Royalties		(Rev. January 2024)			Information
					For calendar year
			$

			3 Other income	4		Federal income tax withheld		Copy 2
			$	$				To be filed with
PAYER’S TIN	RECIPIENT’S TIN		5 Fishing boat proceeds	6		Medical and health care		recipient’s state
						payments		income tax return,
								when required.
			$	$
RECIPIENT’S name			7 Payer made direct sales	8		Substitute payments in lieu
			totaling $5,000 or more of			of dividends or interest
			consumer products to	$
			recipient for resale	$
Street address (including apt. no.)			9 Crop insurance proceeds	10		Gross proceeds paid to an
						attorney
			$	$
City or town, state or province, country, and ZIP or foreign postal code			11 Fish purchased for resale	12		Section 409A deferrals
			$	$
		13 FATCA filing 14 Excess golden parachute		15		Nonqualified deferred
		requirement	payments			compensation
			$	$
Account number (see instructions)			16 State tax withheld	17		State/Payer’s state no.		18 State income
			$					$
			$					$
Form 1099-MISC (Rev. 1-2024)	www.irs.gov/Form1099MISC					Department of the Treasury - Internal Revenue Service

⇓ PDF File

Instructions on Utilizing IRS 1099-MISC

After gathering the necessary information, you can begin filling out the IRS 1099-MISC form. This form is used to report payments made to individuals or businesses that are not classified as employees. Ensure that all information is accurate to avoid potential issues with the IRS.

Obtain the IRS 1099-MISC form. You can download it from the IRS website or order it from the IRS directly.
Fill in your name, address, and taxpayer identification number (TIN) in the "Payer" section at the top of the form.
Provide the recipient's name, address, and TIN in the "Recipient" section.
Indicate the amount paid in the appropriate box. If the payment is for rent, royalties, or other specific categories, make sure to use the correct box.
Complete any additional information required, such as federal income tax withheld if applicable.
Check the form for accuracy. Ensure all names, addresses, and amounts are correct.
Sign and date the form if required. Some versions of the form may not require a signature.
Make copies of the completed form for your records.
Submit the form to the IRS by the required deadline, either electronically or by mail.
Provide a copy of the 1099-MISC to the recipient by the specified date.

Misconceptions

The IRS 1099-MISC form is often misunderstood. Here are four common misconceptions that people have about this important tax document.

Misconception 1: The 1099-MISC is only for independent contractors.

Many believe that the 1099-MISC form is exclusively for reporting payments made to independent contractors. While it is commonly used for this purpose, it can also report various types of income, such as rents, royalties, and certain other payments. It is essential to recognize that this form serves multiple reporting functions.

Misconception 2: Only businesses need to file a 1099-MISC.

Another misconception is that only businesses are required to file a 1099-MISC. In reality, anyone who makes qualifying payments during the tax year may need to issue this form. This includes individuals who pay freelancers or contractors for services rendered.

Misconception 3: All payments require a 1099-MISC.

Some people think that all payments made to individuals or businesses must be reported on a 1099-MISC. This is not true. Only payments that exceed $600 for specific services or types of income are required to be reported. For example, personal payments, such as those made to friends or family, do not need to be reported.

Misconception 4: Filing a 1099-MISC is optional.

Finally, many individuals believe that filing a 1099-MISC is optional. However, if you are required to issue one, failing to do so can lead to penalties. It is crucial to understand the filing requirements and ensure compliance to avoid potential issues with the IRS.

Documents used along the form

The IRS 1099-MISC form is commonly used to report various types of income received by individuals who are not employees. When dealing with this form, several other documents may also be necessary to ensure accurate reporting and compliance with tax regulations. Here is a list of related forms and documents that are often used alongside the 1099-MISC.

W-9 Form: This form is used by a business to request the taxpayer identification number (TIN) of a contractor or freelancer. It helps ensure that the correct information is reported on the 1099-MISC.
1099-NEC Form: This form is specifically for reporting non-employee compensation. It is used when payments to independent contractors exceed $600 in a year.
Schedule C: Self-employed individuals use this form to report income or loss from their business. It provides a detailed breakdown of earnings and expenses.
Schedule SE: This form is used to calculate self-employment tax. It applies to individuals who earn income from self-employment, including those reporting on the 1099-MISC.
Form 1040: This is the standard individual income tax return form. Taxpayers report their total income, including amounts reported on the 1099-MISC, using this form.
Ohio Residential Lease Agreement: An essential document that ensures clarity on the terms and conditions between landlords and tenants, and can be accessed through All Ohio Forms.
Form 1040-SR: Designed for seniors, this form serves the same purpose as the 1040 but includes a larger font and a simpler layout. Seniors can report income from the 1099-MISC here.
State Tax Forms: Depending on the state, additional forms may be required to report income. Each state has its own tax regulations and forms for reporting income from the 1099-MISC.

Understanding these related forms can help ensure that all income is reported correctly and that tax obligations are met. Keeping organized records of these documents will make the tax filing process smoother and more efficient.