IRS Form 1099-MISC "Miscellaneous Income"

What Is Form 1099-MISC?

IRS Form 1099-MISC, Miscellaneous Income is an Internal Revenue Service (IRS) form used to report non-employee compensation. Independent contractors, freelance workers, sole-proprietors, and self-employed individuals receive one from each business client who paid them $600 or more in a calendar year.

This form - also known as the IRS Miscellaneous Income form - is also used for payments of $10 or more in royalties or payments in lieu of dividends and tax-exempt interests reportable by brokers. It is also used to report payments of $600 or more for crop insurance proceeds and fishing boat proceeds, among other payments. Moreover, it is used to report direct sales of at least $5,000 of consumer goods for resale.

The form is issued yearly by the IRS and was last revised in 2020. Use this link to download Form 1099-MISC.

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When to Use 1099-MISC?

At the end of the year, if you are an independent contractor or self-employed individual, you should receive this form from each client who hired and paid you at least $600 throughout the calendar year, and you may attach the form to your tax return. The IRS requires that you report all of your income and pay income tax on it, and you must do so even if you did not receive a 1099-MISC form or earn $600.

How to Use 1099-MISC Form?

The IRS provides separate Instructions for Form 1099-MISC. The IRS Form 1099-MISC instructions are as follows:

The four black parts of the form must be completed and printed when reporting miscellaneous income:

  • Copy 1 is sent to the recipient's state tax department;
  • Copy B must be retained by the recipient;
  • Copy 2 must be attached to the recipient's state tax return; and
  • Copy C is kept by the payer.

The form 1099-MISC fillable version is available on the IRS website.

When Is Form 1099-MISC Due?

The IRS Form 1099-MISC due date is January 31, 2020, if you are reporting nonemployee compensation (NEC) payments in box 7, whether the filing is done on paper or electronically. For all other reported payments, Form 1099-MISC must be filed by February 28, 2020, if filed on paper, or by March 31, 2020, if filed electronically.

The due date for furnishing statements to recipients (if amounts are reported in box 8 or 14) is February 18, 2020.


IRS 1099-MISC Related Forms:

Apart from the IRS 1099-MISC Form, the IRS Form 1099 series comprises of the following 19 variants:

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Download IRS Form 1099-MISC "Miscellaneous Income"

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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 www.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.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
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 www.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.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
VOID
CORRECTED
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PAYER’S name, street address, city or town, state or province, country, ZIP
1 Rents
OMB No. 1545-0115
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16 State/Payer’s state no.
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1099-MISC
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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
1 Rents
OMB No. 1545-0115
PAYER’S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.
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2020
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Income
2 Royalties
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1099-MISC
Form
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4 Federal income tax withheld
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Copy 1
PAYER’S TIN
RECIPIENT’S TIN
5 Fishing boat proceeds
6 Medical and health care payments
For State Tax
Department
$
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RECIPIENT’S name
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8 Substitute payments in lieu of
$5,000 or more of consumer
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9 Crop insurance proceeds
10 Gross proceeds paid to an
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11
12 Section 409A deferrals
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13 Excess golden parachute
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15 State tax withheld
16 State/Payer’s state no.
17 State income
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1099-MISC
Form
www.irs.gov/Form1099MISC
Department of the Treasury - Internal Revenue Service
CORRECTED (if checked)
1 Rents
OMB No. 1545-0115
PAYER’S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.
Miscellaneous
2020
$
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1099-MISC
Form
Copy B
3 Other income
4 Federal income tax withheld
$
$
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5 Fishing boat proceeds
6 Medical and health care payments
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16 State/Payer’s state no.
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(keep for your records)
Form
www.irs.gov/Form1099MISC
Department of the Treasury - Internal Revenue Service
Instructions for Recipient
Recipient’s taxpayer identification number (TIN). For your protection, this
Box 4. Shows backup withholding or withholding on Indian gaming profits.
form may show only the last four digits of your social security number (SSN),
Generally, a payer must backup withhold if you did not furnish your TIN. See
individual taxpayer identification number (ITIN), adoption taxpayer identification
Form W-9 and Pub. 505 for more information. Report this amount on your
number (ATIN), or employer identification number (EIN). However, the payer has
income tax return as tax withheld.
reported your complete TIN to the IRS.
Box 5. An amount in this box means the fishing boat operator considers you
Account number. May show an account or other unique number the payer
self-employed. Report this amount on Schedule C (Form 1040 or 1040-SR). See
assigned to distinguish your account.
Pub. 334.
FATCA filing requirement. If the FATCA filing requirement box is checked, the
Box 6. For individuals, report on Schedule C (Form 1040 or 1040-SR).
payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting
Box 7. If checked, $5,000 or more of sales of consumer products was sold to
requirement. You may also have a filing requirement. See the Instructions for
you on buy-sell, deposit-commission, or other basis. A dollar amount does not
Form 8938.
have to be shown. Generally, report any income from your sale of these
Amounts shown may be subject to self-employment (SE) tax. If your net
products on Schedule C (Form 1040 or 1040-SR).
income from SE is $400 or more, you must file a return and compute your SE
Box 8. Shows substitute payments in lieu of dividends or tax-exempt interest
tax on Schedule SE (Form 1040 or 1040-SR). See Pub. 334 for more
received by your broker on your behalf as a result of a loan of your securities.
information. Note: If you are still receiving payments on which no income, social
Report on the “Other income” line of Schedule 1 (Form 1040 or 1040-SR), or
security, and Medicare taxes are withheld, you should make estimated tax
Form 1040-NR.
payments. See Form 1040-ES (or Form 1040-ES-NR). Individuals must report
Box 9. Report this amount on Schedule F (Form 1040 or 1040-SR).
these amounts as explained in the box 14 instructions on this page.
Box 10. Shows gross proceeds paid to an attorney in connection with legal
Corporations, fiduciaries, or partnerships must report the amounts on the proper
services. Report only the taxable part as income on your return.
line of their tax returns.
Box 12. May show current year deferrals as a nonemployee under a
Form 1099-MISC incorrect? If this form is incorrect or has been issued in error,
nonqualified deferred compensation (NQDC) plan that is subject to the
contact the payer. If you cannot get this form corrected, attach an explanation
requirements of section 409A plus any earnings on current and prior year
to your tax return and report your income correctly.
deferrals. This amount is also shown in box 1 of Form 1099-NEC.
Box 1. Report rents from real estate on Schedule E (Form 1040 or 1040-SR).
Box 13. Shows your total compensation of excess golden parachute payments
However, report rents on Schedule C (Form 1040 or 1040-SR) if you provided
subject to a 20% excise tax. See your tax return instructions for where to report.
significant services to the tenant, sold real estate as a business, or rented
Box 14. Shows income as a nonemployee under an NQDC plan that does not
personal property as a business. See Pub. 527.
meet the requirements of section 409A. This amount is also included in box 1,
Box 2. Report royalties from oil, gas, or mineral properties; copyrights; and
Form 1099-NEC as nonemployee compensation. Any amount included in box 12
patents on Schedule E (Form 1040 or 1040-SR). However, report payments for a
that is currently taxable is also included in this box. This income is also subject
working interest as explained in the Schedule E (Form 1040 or 1040-SR)
to a substantial additional tax to be reported on Form 1040, 1040-SR, or 1040-
instructions. For royalties on timber, coal, and iron ore, see Pub. 544.
NR. See the Instructions for Forms 1040 and 1040-SR, or the Instructions for
Box 3. Generally, report this amount on the “Other income” line of Schedule 1
Form 1040-NR.
(Form 1040 or 1040-SR), or Form 1040-NR and identify the payment. The
Boxes 15–17. Show state or local income tax withheld from the payments.
amount shown may be payments received as the beneficiary of a deceased
Future developments. For the latest information about developments related to
employee, prizes, awards, taxable damages, Indian gaming profits, or other
Form 1099-MISC and its instructions, such as legislation enacted after they
taxable income. See Pub. 525. If it is trade or business income, report this
were published, go to www.irs.gov/Form1099MISC.
amount on Schedule C or F (Form 1040 or 1040-SR).
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