Printable Form 1099 MISC for 2023: Create, Efile, and Print Forms Instantly

How to fill out Form 1099-MISC?

Form 1099-MISC contains 17 different fields. Boxes on the left side of the form require the payer and recipient information such as Name, Address, City or Town, State, Postal Code, Phone Number, and TIN.

Boxes on the right require information about the payments and withholdings.

• Box 1: Rents
• Box 2: Royalties
• Box 3: Other Income
• Box 4: Federal Income Tax Withholding
• Box 5: Fishing Boat Proceeds
• Box 6: Medical And Health Care Payments
• Box 7:Payer made direct sales totaling $5,000 or more of consumer products to a recipient for resale.
• Box 8: Substitute Payments In Lieu Of Dividends Or Interest
• Box 9: Crop insurance proceeds
• Box 10: Gross proceeds paid to an attorney
• Box 11: Fish Purchased for resale
• Box 12: Section 409A deferrals
• Box 13: Excess golden parachute payments
• Box 14:Nonqualified deferred compensation
• Box 15 to Box 17: Report state or local income tax withheld from the payments

Learn more about Form 1099-MISC Instructions to file Form 1099-MISC

When is Form 1099-MISC due date?

Form 1099 MISC recipient copy deadline is January 31, 2024 for the 2023 tax year. If you are reporting payments in box 8 or 10, the deadline is February 15, 2024. If you choose to file paper forms, the deadline is February 28, 2024. The electronic filing due date is on April 01, 2024.

Note: IRS Recommend filing 1099 MISC electronically for quick processing and instant approval.

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What are the different copies of Form 1099-MISC available?

There are five different copies Filers must complete these copies when filing Form 1099-MISC:

• Copy A : This must be filed with the IRS
• Copy 1 : This copy must be filed with the State tax department
• Copy B : This copy goes to the recipient
• Copy 2 : This copy must be furnished to the recipient
• Copy C : This copy is for the payer’s records

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What are the penalties for late filing Form 1099-MISC?

The penalty rate for late filing form 1099 MISC will vary based on the time you filed the return.

• Filing 1099-MISC after the deadline, but within 30 days of the original deadline - $50/per return.
• Filing between 31 days late and August 1 - $120/per return.
• Filing after August 1 or not filing at all - $280/per return.
• Not filing the return intentionally - $550/per return.

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