IRS Form 1099-MISC Guide for 2024 (TY2023)

Form 1099-MISC Guide

Before you begin preparing your Form 1099-MISC reporting, it is important that you know what information you need to gather. We’ve compiled the following 4 key topics in our Form 1099-MISC Guide that may help you to correctly and timely complete your filing. What’s new for Form 1099-MISC? The electronic filing threshold has been decreased … Read more

1099-MISC vs 1099-NEC: The Comprehensive Comparison Guide

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Most individuals are familiar with Form 1099-MISC, so what is this new Form 1099-NEC? We’re here to outline the differences and give you the information you need to determine which forms to file. What is the Form 1099-NEC? Form 1099-NEC was reintroduced in 2020. It’s based on an older version of the form that hasn’t … Read more

Avoid These Common Errors for Form 1099-MISC

crumpled paper trash can - common errors for form 1099-misc

Preparing Forms 1099-MISC can be difficult,  but we are here to help simplify things! We have compiled this list to help ensure that you don’t make these common errors for Form 1099-MISC. So, you have already: If so, it sounds like you are ready to complete and file your 1099-MISC forms. However, before you press … Read more

Who Receives a Form 1099-MISC?

Typing Desk - Form 1099-MISC

Form 1099-MISC, Miscellaneous Information, is used to report various types of miscellaneous income, such as rents, prizes and awards, and other income payments. Prior to tax year 2020, Form 1099-MISC was used to report nonemployee compensation amounts in box 7. The most recent versions of this form do not have a box for nonemployee compensation … Read more

Mastering Form 1099-MISC: The Essential Guide

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IRS Form 1099-MISC, introduced in 1918, is a type of 1099 used to report various types of miscellaneous income. Prior to Tax Year 2020, Form 1099-MISC reported non-employee compensation in box 7. Now, non-employee compensation has its own form: the 1099-NEC. This form is issued by the payer, or known as a business, and given … Read more

1099 E-File: Early Sneak Preview of the IRS IRIS System

close up of iris. a way to symbolize the IRS iris system

On December 12, 2022, the IRS released early system specifications for the latest version of the Information Return Intake System, or IRIS, which is its e-file system for 1099 e-file information returns. This online system was made so that end users can e-file 1099 returns for free using a standard CSV file format or an … Read more

Prepare Form 1099-MISC for IRS Reporting

Prepare Form 1099-MISC For IRS Reporting - four stacks of paperwork

Once you are ready to begin your tax filing, you must gather the required information to prepare Form 1099-MISC. This includes information for the business, or payer, and recipient, or payee, as well as the amounts paid to the recipient. Form 1099-MISC, Miscellaneous Information, is used to report various types of miscellaneous income, such as … Read more

Who Receives a Form 1099-MISC? – TY 2021

irs, form 1099, form 1099-misc, e-file, efiling, e-filing

Form 1099-MISC is used to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies. This includes persons such as cleaning services, IT support, or maintenance services. The IRS instructs that a 1099-MISC form must be completed … Read more

Avoid These Common Errors Form 1099-MISC – TY 2021

Common Errors Form 1099-MISC

There are many common errors Form 1099-MISC, so we have compiled this list to help ensure that you don’t make them. So, you have already: If so, it sounds like you are ready to complete and file your 1099-MISC forms. However, before you press that print or e-file button, take a moment to review your … Read more

Common Errors for Form 1099-MISC – TY2020

Common Errors Form 1099-MISC

Preparing Forms 1099-MISC can be difficult,  but we are here to help simplify things!

So, you:

Sounds like you are good and ready to complete and file your 1099-MISC forms.

However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems.

When completing your forms, make sure not to make these common errors for Form 1099-MISC:

Read more

Gathering Information to Prepare Forms 1099-MISC – TY2020

irs, form 1099, form 1099-misc, e-file, efiling, e-filing

Preparing Forms 1099-MISC can be difficult,  but we are here to help simplify things! Before you prepare your Forms 1099-MISC, you will need to gather the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient. What’s New for 2020? Redesigned Form 1099-MISC. Due to … Read more

Who Receives a Form 1099-MISC? – TY 2020

irs, form 1099, form 1099-misc, e-file, efiling, e-filing

Form 1099-MISC is used to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies. This includes persons such as cleaning services, IT support, or maintenance services.

Read more

Preparing Form 1099-MISC: TY2020 Guide

Preparing Form 1099-MISC a step-by-step guide

Before you begin preparing your Form 1099-MISC reporting, it is important that you know what information you need to gather. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-MISC. 

Read more

Preparing Form 1099-MISC: TY2019 Guide

Preparing Form 1099-MISC a step-by-step guide

Before you begin preparing your Form 1099-MISC reporting, it is important that you know what information you need to gather. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-MISC by the deadline.  What’s New for 2019? Redesigned Form 1099-MISC. Due to the creation of Form 1099-NEC, … Read more

Who Receives a Form 1099-MISC? – TY 2019

irs, form 1099, form 1099-misc, e-file, efiling, e-filing

Form 1099-MISC is used to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies. This includes persons such as cleaning services, IT support, or maintenance services. The IRS instructs that a 1099-MISC form must be completed … Read more

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