IRS Form 1099-MISC

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What is a Form 1099-MISC?
Form 1099-MISC for Miscellaneous Income, is used to report payments for services performed for a business by people not treated as its employees, such as payments to subcontractors, rent payments or prizes. A 1099-MISC form must be provided to the recipient and a copy mailed to or E-Filed with the IRS.
Due Dates
The Due date for paper filing Form 1099-MISC is February 28, 2014.
Electronic Filing. If you choose to E-file Form 1099-MISC, the due date is automatically extended to March 31, 2014. Recipients must be provided a copy by January 31
Who needs to file a Form 1099-MISC?
File Form 1099-MISC, Miscellaneous Income, for each person to whom during the year, was paid:
At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest;
At least $600 in rent, services, prizes, other income payments, medical and health care payments, insurance proceeds, cash payments for 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.
The IRS encourages E-Filing for this information return, and mandates that anyone filing 250 or more must file the returns electronically.
To Learn more about how you can E-File Your Information returns such as a Form 1099-MISC with the IRS, you can go to ExpressTaxFilings.com
If you have any questions regarding your Filing, you can contact our dedicated Support Team at 803.514.5155 or send us an email at [e-mail]