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2020 Form 1099-MISC – Example of the 2020 Form 1099-MISC.

2020 Form 1099-NEC – Example of the 2020 Form 1099-NEC.

2020 Instructions for Forms 1099-MISC and 1099-NEC – In-depth guide to assist companies in filing Form 1099-MISC and 1099-NEC.

2020 General Instructions for Certain Information Returns – Administrative procedures for filing 1099 returns.  Instructions include when to file, where to file, penalties, corrected returns, and electronic reporting. 

IRS W-9 Form – Link to the IRS PDF W-9 form

IRS Instructions for the Requester of Form W-9 – Instructions for companies that pay independent contractors and vendors in the normal course of business.

Backup Withholding For Missing and Incorrect Name/TINS(s) – IRS Publication 1281  contains information about backup withholding (BWH-B) requirements that apply to information returns that you filed.  

On-line TIN Matching program – Guidelines and Instructions for the Interactive and Bulk On-Line Taxpayer Identification Number (TIN)
 

Apply for TIN Matching – To participate in TIN Matching as an authorized payer of income subject to backup withholding an application must be completed.

Access to IRS TIN Matching system – Validate TIN and name combinations prior to submission of the information return. Interactive and bulk options are available.

IRS e-Services – IRS e-Services is a suite of web-based tools that allow tax professionals, reporting agents, mortgage industry, payers and others to complete transactions online with the IRS.

Prior year IRS forms and publications – Searchable database of prior year IRS publications and forms. 

Draft IRS forms – A listing provided by the IRS of all their proposed form revisions.  

Foreign Person’s U.S. Source Income Subject to Withholding – 
Income such as interest, dividends, royalties, pensions, and annuities, etc., and amounts withheld under Chapter 3. Also, distributions of effectively connected income by publicly traded partnerships or nominees. 
 
Transmittal of Health Coverage Information – A transmittal form that must be filed with the Form 1095-B.
 
Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns – A transmittal form that must be filed with the Form 1095-C.
 
Health Coverage – Used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage and therefore are not liable for the individual shared responsibility payment.
 
Employer-Provided Health Insurance Offer and Coverage – Furnished to any employee of an Applicable Large Employers (ALE) member who is a full-time employee for one or more months of the calendar.
 
Bond Tax Credit – Tax credit bond credits to shareholders.
 
Contributions of Motor Vehicles, Boats, and Airplanes – Information regarding a donated motor vehicle, boat, or airplane.
 
Student Loan Interest Statement – Student loan interest received in the course of your trade or business.
 
Fines, Penalties, and Other Amounts – Statement furnished by a government or governmental entity regarding a court order or agreement with respect to a violation or potential violation of law.
 
Mortgage Assistance Payments – Assistance payments paid to homeowners from funds allocated from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest Hit Fund) or the Emergency Homeowners’ Loan Program.
 
Qualifying Longevity Annuity Contract Information – Status of a contract that is intended to be a qualifying longevity annuity contract (QLAC), defined in section A-17 of 1.401(a)(9)-6, that is purchased or held under any plan, annuity, or account described in section 401(a), 403(a), 403(b), or 408 (other than a Roth IRA) or eligible governmental plan under section 457(b).
 
Tuition Statement – Qualified tuition and related expenses, reimbursements or refunds, and scholarships or grants (optional).
 
Acquisition or Abandonment of Secured Property – Information about the acquisition or abandonment of property that is security for which you are the lender.
 
Proceeds From Broker and Barter Exchange Transactions Sales or redemptions of securities, futures transactions, commodities, and barter exchange transactions (including payments reported pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(A) or reported as described in Regulations section 1.1471-4(d)(2)(iii)(A)).
 
Cancellation of Debt – Cancellation of a debt owed to a financial institution, the federal government, a credit union, RTC, FDIC, NCUA, a military department, the U.S. Postal Service, the Postal Rate Commission, or any organization having a significant trade or business of lending money.
 
Changes in Corporate Control and Capital Structure – Information about cash, stock, or other property from an acquisition of control or the substantial change in the capital structure of a corporation.
 
Dividends and Distributions – Distributions, such as dividends, capital gain distributions, or nontaxable distributions, that were paid on stock and liquidation distributions (including distributions reported pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(A) or reported as described in Regulations section 1.1471-4(d)(2)(iii)(A)).
 
Certain Government Payments – Unemployment compensation, state and local income tax refunds, agricultural payments, and taxable grants.
 
Health Coverage Tax Credit (HCTC) Advance Payments – Health insurance premiums paid on behalf of certain individuals.
 
Interest Income – Interest income (including payments reported pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(A) or reported as described in Regulations section 1.1471-4(d)(2)(iii)(A)); market discount subject to an election under section 1278(b).
 
Payment Card and Third Party Network Transactions – Payment card and third-party network transactions.
 
Reportable Life Insurance Sale – Payments made in a reportable policy sale.
 
Long-Term Care and Accelerated Death Benefits – Payments under a long-term care insurance contract and accelerated death benefits paid under a life insurance contract or by a viatical settlement provider.
 
Miscellaneous Income – File Form 1099-MISC for each person to whom you have paid during the year of at least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest or at least $600 in the following.  Rents, services performed by someone who is not your employee, prizes and awards, medical and health care payments, crop insurance proceeds, cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish, generally, the cash paid from a notional principal contract to an individual, partnership, or estate, payments to an attorney, any fishing boat proceeds, or other income payments.
 
Nonemployee Compensation – Use Form 1099-NEC to report nonemployee compensation.
 
Original Issue Discount – Original issue discount (including amounts reported pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(A) or reported as described in Regulations section 1.1471-4(d)(2)(iii)(A)); market discount subject to an election under section 1278(b).
 
Taxable Distributions Received From Cooperatives – Distributions from cooperatives passed through to their patrons including any domestic production activities deduction and certain pass-through credits.
 
Payments From Qualified Education Programs (Under Sections 529 and 530 – Earnings from qualified tuition programs and Coverdell ESAs.
 
Distributions From ABLE Accounts – Distributions from ABLE accounts. 
 
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. – Distributions from retirement or profit-sharing plans, any IRA, insurance contracts, and IRA recharacterizations (including payments reported pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(B) or reported as described in Regulations section 1.1471-4(d)(2)(iii)(A)).
 
Proceeds From Real Estate Transactions – Gross proceeds from the sale or exchange of real estate and certain royalty payments.
 
Distributions From an HSA, Archer MSA, or Medicare Advantage MSA – Distributions from an HSA, Archer MSA, or Medicare Advantage MSA
 
Seller’s Investment in Life Insurance Contract – Seller’s investment in a life insurance contract as determined by the issuer.
 
Exercise of an Incentive Stock Option Under Section 422(b) – Transfer of stock pursuant to the exercise of an incentive stock option under section 422(b).
 
Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c) – Transfer of stock acquired through an employee stock purchase plan under section 423(c).
 
IRA Contribution Information – Contributions (including rollover contributions) to any individual retirement arrangement (IRA), including a SEP, SIMPLE, and Roth IRA; Roth conversions; IRA recharacterizations; and the fair market value (FMV) of the account.
 
Coverdell ESA Contribution Information – Contributions (including rollover contributions) to a Coverdell ESA
 
ABLE Account Contribution Information – Contributions (including rollover contributions) to an ABLE account.
 
HSA, Archer MSA, or Medicare Advantage MSA Information – Contributions to an HSA (including transfers and rollovers) or Archer MSA and the FMV of an HSA, Archer MSA, or Medicare Advantage MSA.
 
For a comprehensive list of all IRS information reporting forms with due dates click here

Understanding Employee vs. Contractor Designation – IRS guide on classifying a worker as an employee or an independent contractor.

Form SS-8 Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding – Firms and workers file Form SS-8 to request a determination of the status of a worker for purposes of federal employment taxes and income tax withholding.  Filing a Form SS-8 requesting a “worker status” determination means you or the firm is asking the Service to establish if the services you provide to the firm are those of an employee or an independent contractor.

Instructions for Form SS-8 – Instructions for completing Form SS-8.

Publication 15-A, Employer’s Supplemental Tax Guide – Gives specialized and detailed employment tax information supplementing the basic information provided in Publication 15 (Circular E)

Voluntary Classification Settlement Program (VCSP) – The VCSP is a voluntary program that provides an opportunity for taxpayers to reclassify their workers as employees for employment tax purposes for future tax periods with partial relief from federal employment taxes.