FAQs on Form 1099 Series

What Payments are Exempt from Being Reported on Form 1099-MISC?

There are some payments that do not have to be reported on Form 1099-MISC, although they may be taxable to the person receiving the payment. Some of the common exceptions are many payments to corporations, payments made to real estate agents, business travel allowances paid to employees and payments to a tax-exempt organization including tax-exempt trusts. There are other reasons for exemptions as well as further explanations to those listed above that can be found on page one of the IRS's Form 1099-MISC Instructions.

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Last modified 26 Jul 2017 16:07 EST

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