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1099 misc instructions Form: What You Should Know

If you are a partnership filing both a 1099-MISC and a W-2 (Employee's Withholding Allowance), just use the 1099-MISC to pay any excess wages to which neither is eligible. If you are a corporation, pay 1099-MISC to the corporation. If you are a partnership and a C corporation with at least three partners, pay 1099-MISC to the C corporation. 1099-MISC Payment Forms 1099-MISC is not a tax withholding form. Taxpayers may check the Form 1099-MISC, Information for the Mayor, for more information. Form 1099-MISC has three tabs or components to it: General information (Form 1099-MISC), Payments and returns, and Employer Identification Number (EIN). Mayor information (General section) You must fill out the information regarding the Payee and any other information needed to complete the form. The Payee is defined as the person or entity (or “Payee”) with whom you made the payment. An employer or partnership must complete the information. The Payee could be you. For example, an employee may report wages to you in the payee column of Form W-2 or Form W-2c, Wage and Tax Statement. However, an individual making their only payment for the year to you would not, and cannot, report wages to you, since paying wages to you is not the activity of your trade/business. Your payee does have to do this work for you to report the payment as a tax payment. However, you need not include the information that the Payee filled in on their own. If you are filing Forms 1099-MISC for more than one Payee, you must report each amount to each Payee and the Payee must report their payments individually. Payee information may be entered on Form 1099-MISC, Payee Payment Information (General Section, Line 20).

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