Frequently Asked Questions

An information return is a tax document businesses are required to file to report certain business transactions to the Internal Revenue Service (IRS). The requirement to file Information Returns is mandated by the Internal Revenue Service and associated regulations.

Any person, including a corporation, partnership, individual, estate, and trust, who make reportable transactions during the calendar year, must file information returns to report those transactions to the IRS. Persons required to file Information Returns to the IRS must also furnish statements to the recipients of the income. Filers who have 250 or more must file these returns electronically.

Form 1099-MISC is used to report Miscellaneous Income and also, use to report direct sales of $5,000 or more of consumer goods for resale.

Rent or royalty payments: prizes and awards that are not for services, such as winnings on TV or radio shows.

The due date to file to IRS is February 28th.

If the following four conditions are met, you must generally report a payment as nonemployee compensation.

  • You made the payment to someone who is not your employee
  • You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations);
  • You made the payment to an individual, partnership, estate, or in some cases, a corporation; and
  • You made payments to the payee of at least $600 during the year.

Payments of $600 or more, except $10 or more for royalties has to be reported.

All amounts paid to crew members by owners or operators of fishing boats including payments of proceeds from sale of catch has to be reported.

All amounts have to be reported under Section 409A income from nonqualified deferred compensation plans (NQDCs).

All amounts have to be reported under Section 409A income from nonqualified deferred compensation plans (NQDCs).

All amounts have to be reported under Section 409A income from nonqualified deferred compensation plans (NQDCs).

The amount has to be reported if the paid amount is $600 or more.

The amount has to be reported if the paid amount is $600 or more

The amount has to be reported if the paid amount is $600 or more.

Copy B of Form 1099 MISC is due by February 15th if substitute payments are reported in box 8 or gross proceeds paid to an attorney are reported in box 14. If no such payments are reported, January 31, remains the due date for providing Copy B to recipients of 1099 MISC.

Federal Identification Number is also called as Employer Identification Number (EIN) which is used to identify a business entity.

Recipient’s Identification Number is a person’s Taxpayer Identification Number for whom the payment is made.

  • 1099 MISC Copy A is from you, the filer, to the IRS. This copy is e-filed to the IRS by ETAX1099. Then we update you with a confirmation.
  • 1099 MISC Copy 1 is from you to the state tax department, when required by the state. Send them all in one envelope to the state, when required.
  • 1099 MISC Copy B is from you to the recipient for his/her records. The "Instructions to Recipient" are automatically printed on this copy by ETAX1099
  • 1099 MISC Copy 2 is from you to the recipient, for the recipient's state tax return (when required), or as an extra copy for the recipient.
  • 1099 MISC Copy C is your copy, for your records.

The following table contains the lists of Information Returns Form that we don’t support at this moment.

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