1099-MISC

Overview

1099-MISC, Miscellaneous Income, is filed for each person to whom the taxpayer has paid 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) the taxpayer purchases 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 of $600, or more paid to an attorney during the year. The output can be use for government tax filing purposes.

Report Options

Internal Company – The company from which the data is being reported.

Vendor(s) – Click Lookup to select the vendors to be included on the report. One or more vendor id’s may be selected. If the field is empty, all vendors will be considered for inclusion on the report.

Year – Enter the tax year for which the data is being reported.

Min Balance – Enter the minimum balance being used to determine which vendors will be included on the report. The default is 600, which represents $600.

Tax ID – Enter the company's Taxpayer Identification Number or Social Security Number.