1099-MISC Reporting Guidelines And Resources

As we tend to receive the most questions related to Form 1099-MISC, we would like to provide you with some general guidelines and resources in order to assist you with the accurate and timely filing of Form 1099-MISC.

Reportable Payments

For payments made in the course of your trade or business (including not-for-profit organizations), payments in the amount of $600 or more (unless otherwise noted) related to the following items should be reported:

• Services performed by independent contractors (or other non-employees of your business);
• Prizes and awards (does not include amounts paid to employees);
• Rents;
• Royalties ($10 or more);
• Legal services performed; and
• Any person from whom you have withheld any federal income tax under the backup withholding rules (regardless of the amount of the payment).