pdf app

PDFelement - Edit, Annotate, Fill and Sign PDF Documents

appstore
Get from App Store

IRS Form 1099-MISC: How to Fill it Right

Home > How to Fill in IRS Form 1099

An 1099-MISC form works the same purpose to an independent worker as a W-2 does for to a worker. The form declares the total amount of payments you get from an individual throughout the year that you offer services to. It consist of some of your personal details like name, address, and even employer identification number or Social Security number. Most essentially, it will categorize every type of payment in distinct boxes on the form. In general, if you get payment for contract work you are doing, then your yearly earnings will show up as nonemployee reimbursement.

Part 1Your Best Solution to Fill in IRS Form 1099-MISC

pdf forms function for windows

IRS Form 1099-MISC is important for freelancers and it’s especially critical to know how to fill it right.

Apart from the filling instructions, you should also have a helpful form filler to ease the filling process to save more time on those complicated numbers that you have to work on. Wondershare PDFelement is able to help simplify the procedure with its smart form filling function.

Part 2Step by Step Instructions for How to Fill out IRS Form 1099-MISC

Step 1: Import the IRS Form 1099-MISC in PDFelement. Zoom in to the size that you feel comfortable to see the form.

import irs form pdf

Step 2:Fill in the box in the upper left corner that asks your name, street address, state or province, city or town, ZIP code, country, and contact number.

Step 3: Under that box, write the tax identification number of your business. If you’re a sole proprietorship, it’s usually the Social Security number.

Step 4: To the right side of the previous box, you write the identification number of the recipient, which is the tax identification number or Social Security of the person you paid.

Step 5:Under the two boxes you just filled up, fill up the boxes that ask for the name of the recipient, street address, state or province, city or town, ZIP code, and country.

Step 6: Under that section is a box that asks an account number. Here, you have to write an account number for your recipient if he owns multiple accounts with you and you’re filing over one 1099-MISC for this individual.

Step 7: To the right side of the account number box you will find another box that reads “2nd TIN not.” and contains a square that can you can checked or leave blank. You can mark it if the IRS has notified you two times in the last 3 years that the recipient gave you a wrong tax identification number.

fill form 1099 misc

Box 1: Rents - If the business paid the recipient $600 or more for a particular kind of rent, write the amount here.

Box 2: Royalties - If the business paid gross royalties of at least $10 to the recipient, enter the amount here.

Box 3: Other income - If you paid your recipient at least $600 for something that is not covered by any of the other boxes on the form, write it here.

Box 4: Federal income tax withheld - If the recipient was covered by backup withholding, enter the amount of the business withheld from the pay.

Box 5: Fishing boat proceeds -This box doesn’t apply to many people. Use only if the business paid somebody for catching fish.

Box 6: Medical and health care payments - If the business at least $600 to any medical expert, enter the amount here.

Box 7: Nonemployee compensation - Report here the payments of at least $600 to the independent workers.

Box 8: Substitute payments in lieu of dividends or interest - This is for collective payments of $10 or above received by an agent for a customer instead of tax-exempt interest or dividends because of a loan of a client's securities.

Box 9: Payer made direct sales of $5,000 or more of consumer products to a buyer for resale- Check the box only if it applies to you.

Box 10: Crop insurance proceeds - Enter the amount if your business is an insurance company and paid at least $600 to a farmer.

Boxes 11 and 12: The IRS used these two boxes for foreign taxes paid, but this is now reported on the Form 8966, so just skip these two boxes and leave it blank.

Box 13: Excess golden parachute payments - Only use this box if you compensated an ineligible individual at least 3 times the base amount contingent of the individual on a change in the possession or corporation control.

Box 14: Gross proceeds paid to an attorney - If the business paid at least $600 to a lawyer for legal services. Enter the amount here.

Box 15a: Section 409A deferrals - This is option. You can add more details in Internal Revenue Bulletin 2008-52.

Box 15b: Section 409A income - If the business delayed a payment that usually would have been classified as section 409A revenue, but was not because a nonqualified delayed compensation plan fails to satisfied the requirements of section 409A. State the amount here.

Boxes 16 - State tax withheld, 17 - State/Payer’s state no. and 18 - State income - If the business contributes in the combined federal/state filing program or is asked to file paper copies of form 1099-MISC through a state tax department. Fill in these boxes.

Part 3 More Tips and Warnings for IRS Form 1099-MISC

IRS’s Most Common Complaints

Minor Complaints

Wondershare Editor

Posted by to | Follow @margaretecottyg
Published: Feb 18,2016 15:09 pm / Updated: Sep 21,2017 13:36 pm

Ask the Community

Still get confused or have more suggestions? Leave your thoughts to Community Center and we will reply within 24 hours.

Recommend Articles

How to Convert DOCX to PDF with Best PDF Converters

How to convert DOCX/DOC files to PDF? This article will look at top 2 ways for converting DOCX/DOC to PDF in Windows 10/8/7.

Posted by Elise Williams | 16.11.2017

How to Convert PDF to JPG on Mac (Including 10.13)

How to convert PDF to JPG on Mac? Here we introduce you an easy way to convert PDF to JPG on Mac OS X High Sierra, Sierra, El Capitan, Yosemite.

Posted by Elise Williams | 01.11.2017

How to Write an Office Assistant Resume?

The Office assistant resume sample on this page is absolutely useful for you if you are seeking an office assistant job.

Posted by Margarete Cotty | 19.09.2017

How To Write A Technical Resume?

Still not recieving any interviews? You may need professional tips to improve your resume.Check out the ariticle to get useful tips to build your resume and land your dream job.

Posted by Margarete Cotty | 07.09.2017

Top 5 Text Encryption Software

Text encryption software is a must have for every business to prevent the loss of important data and information.

Posted by Elise Williams | 05.07.2017

Top 5 Online PDF to Text Converters

Which tool can be used to convert PDF to editable text free online? Here's a list of top 5 free PDF to text converters online.

Posted by Elise Williams | 02.11.2017

How to Crop a PDF Image

Are you aware of how to crop a image in PDF files? This article will present the exactly steps to crop PDF image to you.

Posted by Audrey Goodwin | 15.06.2017

Top 5 Office Software Designed for Enterprise

Looking for the best office software suitable for your business? Here is a list of the top 5 office software you must have.

Posted by Elise Williams | 05.07.2017

IRS Form 8888 - Free Download, Create, Edit, Fill and Print

This is a IRS Form 8888 download page. You can free download IRS Form 8888 to fill, edit and print.

Posted by Margarete Cotty | 18.10.2017

Top 5 PDF Expert Alternatives for Android

This article mainly shows you top 5 alternatives to PDF expert for Android, which can help you edit and manage PDF files on Android phone easily.

Posted by Audrey Goodwin | 10.07.2017
template
media

Meet All New PDFelement 6

Join PDFelement club and work better!

Get free & valuable PDF tips and stay up to date with all of our new features & resources in your inbox directly!

Digitize paperwork and accelerate the way you create, prepare and sign documents.

Available for Windows, Mac, iOS, & Android.

Try Free Buy Now
Start your free trial!

Skip and Download

×
Top
Start your free trial!

Skip and Download

×
Thanksgiving Card Templates Giveaway

Want to get more? Explore Template Library>>>

×