Access our resource center for more
information about tax relief due to
COVID-19. Visit Now

FAQs on Form 1099 MISC

What happens if I File Form 1099-MISC Late?

Yes, payments made to attorneys in excess of $600 are reported on Form 1099-MISC in box 7. If payments are not reportable in box 7 but are made to attorneys in the course of business or trade for items in connection with legal services, settlements, etc. they are reported in box 14 of Form 1099-Miscellaneous.

Last modified 26 Jul 2017 16:07 EST

Success Starts with TaxBandits

The Smart Business Owners Choice