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1099 Pro Enterprise Edition
Create, print, and file all forms in the 1099, 1098, 3921, 3922, and 5498 series.
Publisher: 1099 Pro Downloads: 2,529
File this form for each person to whom you have paid during the year:
- at least in royalties or broker payments in lieu of dividends or tax-exempt interest;
- at least 0 in:
- services performed by someone who is not your employee;
- 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;
- generally, the cash paid from a notional principal contract to an individual, partnership, or estate;
- payments to an attorney; or
- any fishing boat proceeds,
In addition, use this form to report that you made direct sales of at least ,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment.
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Page Last Reviewed or Updated: 06-Sep-2016
If you want Free 1099 Tax Forms for 2015 / 2016 and learn how to file 1099 - along with 1099 instructions - you can print or download and use for INFORMATIONAL PURPOSES ONLY -- you have come to the right place!
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Caution: Because paper forms are scanned during processing, you cannot file with the IRS - Form 1099 - that you print from the this website. - SEE ORDERING INSTRUCTIONS AT THE BOTTOM OF THIS PAGE TO ORDER THE SCANNABLE IRS 1099 FORMS.
("Informational Purposes Only" means that the form you download or print from this website should only be used for you to see what it looks like or practice filling it out.)
LISTEN CLOSELY: THE IRS WILL IMPOSE A PENALTY OF .00 FOR -- EACH RETURN -- THAT IS FILED ON AN UNSCANNABLE, "NON-OFFICIAL9quot; 1099 FEDERAL INCOME TAX FORM THAT THEY CAN NOT SCAN. Scroll down further on this page for instructions on how to order the "OFFICIAL,9quot; SCANNABLE Free 1099 Form.
1099 Pro Enterprise Edition
Create, print, and file all forms in the 1099, 1098, 3921, 3922, and 5498 series.
Publisher: 1099 Pro Downloads: 2,529
Updated for Tax Year 2016
A 1099 Form reports income from self employment earnings, interest and dividends, government payments, and more. Here are the details.
The 1099 form is a series of documents the Internal Revenue Service (IRS) refers to as "information returns." There are a number of different 1099 forms that report the various types of income you may receive throughout the year other than the salary your employer pays you. The person or entity that pays you is responsible for filling out the appropriate 1099 tax form and sending it to you by Jan. 31.
If you are a worker earning a salary or wage, your employer reports your annual earnings at year-end on . However, if you are an independent contractor or self-employed you will receive a from each client that pays you at least 0 during the tax year.
For example, if you are a freelance writer, consultant or artist, you hire yourself out to individuals or companies on a contract basis. The income you receive from each job you take should be reported to you on Form 1099-MISC. When you prepare your tax return, the IRS requires you to report all of this income and pay income tax on it.
When you own a portfolio of stock investments or mutual funds, you may receive a to report the dividends and other distributions you receive during the year. These payments are different than the income you earn from selling stocks. Rather, it is a payment of the corporation’s earnings directly to shareholders.
Other types of investments you have may pay periodic interest payments rather than dividends. These interest payments are also taxable and are reported to you on . Commonly, taxpayers receive this form from banks where they have savings accounts.
The federal and state governments are equally responsible for reporting income that it pays to taxpayers. Government agencies commonly use to report the state income tax refunds and unemployment compensation you receive during the year. If you receive unemployment income, you must include the entire amount your state reports on the 1099-G form in your taxable income. However, you only include your state refund in income if you claimed a deduction for it in a prior tax year.
When you withdraw money from your traditional IRA, in most cases it is taxable. You will receive a that reports your total withdrawals for the year before you prepare your tax return. The form also covers other types of distributions you receive from pension plans, annuities and profit-sharing plans. Sometimes the 1099-R will show the taxable amount of the distribution on the form itself and will report the amount of federal tax that was withheld.
Sometimes, transactions can increase your taxable income even when you don’t receive a payment. This commonly occurs when a creditor cancels a portion of your outstanding debt. When this happens, the IRS treats the debt cancellation as income which may be taxable to you. For example, if your credit card company no longer requires you to pay your outstanding balance, it may send you to report the amount of debt it cancels and you may need to report this amount on your tax return.
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Any employer who has paid more than 0 of miscellaneous income (hence the "MISC9quot; in the name) to an independent contractor or attorney, or who has issued more than in royalty payments, is typically required by the U.S. Internal Revenue Service to complete and send a 1099-MISC tax form to the IRS along with a copy to the recipient of the funds.  The payer also will generally retain a copy of the 1099-MISC form for his or her own records.  Employers can acquire a fillable 1900 form by calling 1-800-TAX-FORM to request it or by navigating the website of the IRS, which is located at www.irs.gov.
Once you've received your copy of the fillable 1099 form from the IRS, you'll want to familiarize yourself with the various fields, or boxes to be filled in, on the form.  Upon first glance, it might seem like the IRS has packed a large number of fields onto that little 1900-misc form, which is hardly more than half a page in length.  However, when you break it down and take it one field at a time, it's really not so complicated after all.  Let's take a closer look and see what those little boxes are all about.
Under the checkboxes that say, "VOID,9quot; and "CORRECTED9quot; (which are only to be used in special circumstances), you'll find in the upper left corner a relatively large field for the payer's name and basic contact information.  Under that large box will be two smaller fields:  one on the left for the payer's federal identification number, and one on the right for the recipient's identification number (that's a fancy way of referring to his or her social security number, though it could also be an individual taxpayer identification number (ITIN) or adoption taxpayer identification number (ATIN)).
Interestingly, even though the contact information for the payer was just one large box, the fields for the recipient's name, street address, and city/state/zip code are all separated.  These separated fields are located under the fields for the federal identification numbers of the payer and recipient of the 1099-misc form.  Underneath those fields are the account number field and the "2nd TIN not." field.  The account number is generally to be filled if the payer has multiple accounts for a recipient for whom he is filing more than one , while the "2nd TIN not." field is to be filled with an "X9quot; mark if the payer has been notified by the IRS twice within three calendar years that the payee had provided an incorrect TIN.  In the two fields below that, if there are any applicable Section 409A deferrals or income, that is where this would be indicated.
On the right side of the form, the fields are numbered and are therefore easier to identify.  Directly in the middle of the form will be a very commonly used field:  nonemployee compensation, or field number seven.  However, this is not the only type of payment that warrants the issuance of a 1099-MISC, so this popular field is surrounded by other fields, some more commonly used than others.  These include fields one through three, which signify rents, royalties, and other income; fishing boat proceeds, or field number five; Payer-made direct sales of ,000 or more of consumer products to a buyer (recipient) for resale, or field number seven; field number 10, which indicates crop insurance proceeds; and fields thirteen and fourteen, which indicate excess golden parachute payments and gross proceeds paid to an attorney, respectively.  (Notably, boxes eleven and twelve are shaded in and can be ignored).
Further to the right side of the form, there are fields four, six, and eight.  Fields six and eight represent more types of payments that may have been made to the recipient:  medical and health care payments, and substitute payments in lieu of dividends or interest.  Field four, meanwhile, indicate not payments, but rather any federal income tax withheld from the recipient.  Finally, toward the bottom right-hand corner are fields sixteen through eighteen, known as "state information."  These fields are only provided for the payer's convenience, and they do not need to be filled by the payer.
That's really all there is to it:  eighteen fields, many of which don't need to be filled by the majority of payers.  Payers who familiarize themselves with these fields will soon discover that the 1099-misc isn't so complicated after all.
If you are an employer, there is a distinct possibility that you may be required by the U.S. Internal Revenue Service to file a form known as 10&9-MISC.  This tax form is not to be confused , which is used by employers to report an employee's annual wages as well as the whatever taxes were withheld from that employee's paycheck.  In contrast, this form is to be filed by any employer who has paid more than 0 of miscellaneous income to an independent contractor or attorney.  It would also need to be filed by an employer who has issued more than in royalty payments to any recipient.  A copy of the form would be sent to the IRS, and another copy would be forwarded to the recipient of the funds.  In addition, it is expected that the payer would retain a copy of the form for his or her own records.
Payers who are required to file a 1099-MISC will need to know, for starters, where to get this form.  Acquiring a fillable 1099 form is not difficult if you know where to look.  A fillable 1099 form will be sent to you if you call 1-800-TAX-FORM and request it.  To find the form online, log on to the Internet and navigate the website of the IRS, which is located at www.irs.gov.  That website has a search box, which will make it easier to find the form online.
Completing and filing this tax form are easier than you might think.  In fact, you may discover that many of the fields (or fillable boxes) on the form won't even need to be filled.  Fields 11 and 12 are perfect examples of this, as they are completely shaded in and therefore can be ignored.  Furthermore, fields 15a, 16, 17, and 18 are entirely optional and hence do not need to be completed.  Then there are fields which will only need to be completed by a relatively small, highly specialized segment of the employer population; examples would include fields 5 (fishing boat proceeds), 10 (crop insurance proceeds), 13 (excess golden parachute payments), and 15b (Section 409A income).  However, all employers who are required to file this form will need to complete the fields on the left side of the 1099 form, which indicate both the employer's contact information and federal identification number as well as .  The applicable fields indicating nonemployee compensation, royalties, rents, and other income should also be completed by the payer.
As alluded to earlier, if you are the payer then you will need to fill out multiple copies of the 1099-MISC form.  Copy A must be sent to the IRS, and you may also need to send Copy 1 to your state's tax department.  Copy B will need to be sent to the payee or recipient, and Copy 2 is to be filed with the recipient's state income tax return if required.  Finally there is Copy C, which is for you, the payer, to retain for your own records.
Filing due dates will vary each tax year, but if you make sure to file all copies of the form by the end of January, then you (the payer) will likely be in compliance.  The specific mailing address to send Copy A to the IRS may differ according to the payer's location, so it is advisable to refer to the "Instructions for form 10&9-MISC,9quot; which is available via www.irs.gov.  It may be more convenient for you to file electronically, but in order to do that, you must have certain software that can generate a file according to the specifications found in Pub. 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G.
No matter how you choose to file it, it should not be extremely difficult or burdensome to file a form 10&9-MISC.  The important thing is to file it in a timely manner and make sure that both the payee and the IRS receive their copies.  For further assistance with this, you can call the designated IRS information reporting customer service site toll-free at 1-866-455-7438.
You use the different Forms 1099 for reporting various types of income not on your W-2. You should receive most 1099s by Feb. 1. However, these aren’t due until Feb. 15:
- Form 1099-B
- Form 1099-S
- Form 1099-MISC -- if one of these is true:
- Substitute payments are reported in Box 8.
- Gross proceeds paid to an attorney are reported in Box 14.
If you have income subject to backup withholding, the payers of that income will do both of these:
- Show the tax withheld on Form 1099
- Withhold tax at a rate of 28% if any of these apply:
- You don't provide the payer with your tax identification number, like your Social Security number (SSN).
- The taxpayer identification number (TIN) you provide is incorrect.
- The IRS notifies the payer that you’ve been underreporting interest or dividends.
- You haven’t certified that you’re exempt from backup withholding.
Form 1099-B is for reporting proceeds from securities transactions. Report securities transactions on Form 8949. If you have an account at a brokerage or mutual fund company, any Form 1099-B you receive might report:
You need this 1099-B information when preparing your return:
- Box 1a: Date of sale or exchange -- This is the date the transaction took place. Use it as the sales date on your Form 8949.
- Box 2a: Stocks, bonds, etc. -- This is the amount of money you received on the sale of your securities. Report it as the sales price on your Form 8949. The brokerage firm or mutual-fund company usually reduces this amount by commissions. See the checkbox next to the Box 2a amount.
- Box 8: Description -- This is a brief description of the asset sold. Enter this amount on your Form 8949.
Some firms also provide information about the cost basis of the asset sold. You can use this information on Form 8949. Beginning in 2011, brokers and mutual-fund companies are required to:
- Report the basis of the shares acquired and sold after 2010 on Form 1099-B
- Classify the resulting gain or loss as either short or long-term
For securities bought before 2011, firms can choose if they want to include the cost basis on Form 1099-B. If you don’t include it, you're responsible for figuring your cost or other basis.
Form 1099-DIV is for reporting these from stocks and mutual funds:
You need this 1099-DIV information when preparing your return:
- Box 1a: Ordinary dividends -- Enter this amount on Form 1040 or on Schedule B (if required). It’s taxable at ordinary income rates.
- Box 1b: Qualified dividends -- This amount shows the portion of Box 1a that’s taxed at a lower rate. Box 1a amounts aren’t always taxed at ordinary income rates.
- Box 2a: Total Capital gain distributions -- Enter this amount on Form 1040 or Schedule D (if required). It might be eligible for a lower tax rate.
- Box 6: Foreign tax paid -- This amount is taxes paid to a foreign government on international investments. You can claim a credit or itemized deduction for this amount. Choose whichever gives you the greater advantage. Check with a tax professional.
Form 1099-INT is for reporting interest income received. You need this 1099-INT information when preparing your return:
- Box 1: Interest income -- Enter this amount on Form 1040 or on Schedule B (if required). It’s taxable as ordinary income.
- Box 2: Early withdrawal penalty -- This amount is charged when you withdraw a time investment, like a CD, early. Enter this amount as an adjustment to income on Form 1040, Line 30.
- Box 3: Interest on U.S. Savings Bonds and Treasury obligations -- Report this interest on Form 1040 or Schedule B (if required). It’s usually taxable on your federal return. It’s usually not taxable on your state return.
Form 1099-MISC is for reporting many types of income. The main types usually require the use of additional forms on your return. The main types include:
You need this 1099-MISC information when preparing your return:
- Box 1: Rents -- Report real-estate rental income you receive on Schedule E. Report rent for personal property, like machinery, on Schedule C. Income reported on Schedule C usually is subject to self-employment tax.
- Box 2: Royalties -- Income you receive for:
- The right to your work over a specified period of time
- Extracting natural resources from your property
Report this income on Schedule C or Schedule E. Consult with a tax professional to assist you in reporting this income.
- Box 7: Nonemployee compensation -- Income you receive for contract labor or self-employment. You must usually report this income on Schedule C and pay self-employment tax on the net profit.