Form 1099-Misc - Internal Revenue Service: Fill & Download for Free

The Form 1099 series is used to report various types of income other than wages and salaries to the IRS, with the recipients of that income receiving information copies from the payers. There are multiple types of Form 1099, and specific forms are used when reporting specific types of income. For example, interest income is reported on Form 1099-INT, dividends are reported on Form 1099-DIV, proceeds from stock transactions are reported on Form 1099-B, distributions from retirement funds are reported on Form 1099-R, and so forth. Form 1099-MISC is another form in the series that is, as the name implies, used to report miscellaneous types of income, and while it is commonly used to report compensation paid to non-employees it is not used solely for that purpose.If you receive a Form 1099 of any type, you should realize that the IRS will be looking for the income reported on that form on your tax return, and if it is not addressed there the IRS will be in touch with you.

First of all, you don't need a W-9 from someone for whom you are working as an independent contractor; it's the other way around. You must provide a W-9 to anyone from whom you are receiving income that must be reported to the IRS on an information return. See Instructions for the Requester of Form W-9 (01/2011).Payments of $600 or more made to an independent contractor for services provided in the course of a trade or business are reported to the contractor on Form 1099-MISC. If you're not performing your side job for someone conducting a trade or business they generally don't have to give you a 1099-MISC; see the Instructions for Form 1099-MISC (2013). That does not mean that you don't have to report the income you receive - you are still receiving it as compensation for services rendered.You report the income from the side jobs you perform on Schedule C. On Line 11 of Schedule C you can deduct the amounts that you pay to your contract labor. Note that you will have to receive a W-9 from your contractors, and provide them with Form 1099-MISC, if you pay any one of them $600 or more.Your state may require you to register with the state and pay other fees for licensing, etc., if you are conducting a trade or business within that state. The definition of "conducting business" can be a bit tricky; you might want to consult with a lawyer who specializes in working with small businesses.

Form 1099-MISC is a report of certain payments made in the course of a trade or business. Personal payments are not required to be reported on a Form 1099-MISC.One of the most common uses of a Form 1099-MISC is to report payments made to an independent contractor for services rendered to the payer.Other payments reported on a Form 1099-MISC include rents, royalties, fishing boat proceeds, medical and health care payments, non-employee compensation, substitute payments in lieu of dividends or interest, crop insurance proceeds, excess golden parachute payments, proceeds paid to an attorney, certain prizes and awards, certain wages paid to a deceased employee, certain payments of Indian gaming profits to tribal members, certain payments to individuals participating in medical research studies, certain termination payments to former self-employed insurance salespeople, certain payments for punitive damages, compensation paid to H-2A visa agricultural workers who did not provide a Taxpayer Identification Number to the payee, and certain other income. For some of these categories, if the payments made during the year were less than a certain amount, the payer is not required to prepare a Form 1099-MISC for those payments.In many cases, the income reported on a Form 1099-MISC is taxable income to the payee.The payer prepares the form, sends one to the payee and one to the Internal Revenue Service. Some states require a copy as well.https://www.irs.gov/pub/irs-pdf/f1099msc.pdfhttps://www.irs.gov/pub/irs-pdf/i1099msc.pdf