File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year:
At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest;
At least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, crop insurance proceeds, cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish, or, generally, the cash paid from a notional principal contract to an individual, partnership, or estate;
Any fishing boat proceeds; or
Gross proceeds to an attorney
When you file using SP Payroll and Tax Services:
The forms you file are printed and mailed to your recipients for you.
The information is filed electronically with the IRS and Social Security Administration for fast, efficient and foolproof filing.
Your 1099 forms are mailed, emailed or faxed to you for your business records.
Filing forms 1099 with SP Payroll and Tax Services has never been easier!
Filing Deadline
Form 1099-MISC must be filed by February 28th if mailed in and March 31st if e-filed.
As a small business owner you have more important things to do than worry about 1099-Misc Forms.
