How: write a 1099

Tax law requires a person or an undertaking to submit a form 1099 for each person, you have paid $600 or more in one year, unless the payment in the form of wages, salary or advice is - it is a W-2 is required for this. You are often used to report, independent contractors, - so that the entrepreneurs themselves call 'Key controls' - paid, but the form has many variants for other types of transactions. Three copies: one for the IRS, one for the recipient of the payment and one for the yourself.Difficulty: ModerateInstructionsThings, need: PaymentsPayee documents address and tax identification of the payer (or social security number) number IRS form 10991Determine which form payment using produce a statement. "Guide for feedback" IRS LHAs a long list of types of payments and the required for each shape. Most pay - payments including services, running performance are more than $600 require adequate to the IRS 1099 2Get-Form membership. 1099 MISC will be used as an example here. other 1099 forms are similar. All forms are available on the IRS Web site by providing information only; a $50-penalty may be assessed if you send a form Nonscannable said IRS downloaded and printed forms are not analyzed and to the IRS "Application forms" link of funds to the relevant forms, which you have sent walking, or go to another location, where these forms are available a local IRS or libraries for example.Alternatively, - can file a 1099 online - and in fact those file 250 or more of these forms are required so to do. Online help FIRE (registration information)(Anweisungen_elektronisch) IRS system files. Must first of messaging in a form and eiSome software is required. 3Fill in your information: name, address, city, State, zip code and telephone in the top links of the page box and your number in the box under federal taxpayer identification number. If you a sole proprietor with no Efonctionnaires business had to your social security number as your taxpayer identification number. If not, you online or by calling the IRS at 1-800-829-4933 4Enter recipient information employer identification number of the apply must your in the appropriate locations: name, address, city, State, zip code and VAT number. If you have a tax number for your recipient, you can request W-9 form with the IRS. If you complete several forms of 1099 for same person or entity, you must assign an account number. 5Put amount a paid into the corresponding field. Here is a brief summary - more detailed information can be found in the instructions from the IRS for 1099.Box 1 - rent. Enter the amount of $600 or for rental of premises plus Office (except in a real estate agent) mieten-or pasture rentals.Box 2 - licence fees. Enter the amount of $10 or report gross royalty, which from a Publisher an author or a literary agent paid. Wood and oil and gas royalties, the other by using a different 3 - form.Box sources. It awards (although gains not only game), punitive damages, a salary of the deceased and others cases.Box special 4 - federal income tax deducted. If you chose no taxes on income, enter it here. You are required to do so if recipient; done no molt You sehenin the references below for more information.Box 1099 general instructions 5 - products of fishing vessels. Type a product apart from the capture of a ship with an average10 fishing boat or less members.Box 6 - payments for medical and health care. If you have paid the price of your profession or trade, $600 or more in one enter medical or medical centre, this amount here.Box make 7 - compensation. It is registered payments to independent contractors. Type the amount of $600 or more who have paid to remuneration. Professional service fee includes an other professional fees (fee split, e.g.), payments to witnesses or expert legal advice, payment of parts or material benefits and reimbursements of the journey to nonemployees.Box 8 - instead of dividends payments or one real alternative. This applies to payments to someone has a securities - loan for more information, see IRS's 2003 if you think that it is direct sales of $5,000 or for resale more pay for you.Box 9 - 67. The check box if this applies for you.Box 10 - insurance products. This dialog box is used parachute by insurers for payments to farmers.Boxes, 11 and 12 - no entry in the 13 - Golden payments to make excess boxes.Box. This has payments change owner of a company to do. See the IRS Web site, you need more information.Box 14 - crude oil products to a lawyer paid. Give a product to a lawyer here.Box 15 - section 409 A income paid. This concerns "qualified deferred compensation" and is part part payments to a hold actions Enron taxation of money before the bankruptcy of the company to accelerate. Consul you repeat the website of the IRS for more information, if you think this applies you.Boxes 16 18-State information. These are provided for convenience and must be reported to the IRS that information to (d)en recipient must be given so that it the revenue. 6Send Department a copy of the form to inform your recipient and send a copy to the IRS if you can not electronically. 1099 For resources general instructions to find the corresponding address. Keep a copy for your records.