Print 1099-MISC

The 1099-MISC features also allow users to manually enter vendor payments, when required. 1099-MISC (Miscellaneous Income tax forms) are typically used for any vendor without a tax ID using a social security number as identification, to include LLCs, sole proprietors, and non-corporations. As per the IRS, 1099-MISC forms are used for the following:

  • Each person to whom you have paid at least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest
  • At least $600 in rents, services performed by someone who is not your employee, prizes and awards, other income payments, and medical and health care payments, etc.
  • Generally, the cash paid from a notional principal contract to an individual, partnership, or estate.

Click the following link for more information: Form 1099-MISC