In general, a Form 1099-MISC should be filed for each person to whom an employer has paid one or more of the following: At least $600 in services, rents, prizes or awards and other income payments. At least $10 in royalties or broker payments in lieu of dividends of tax-exempt interest. Gross proceeds to an attorney.
A 1099 must be issued to an individual, LLC taxed as a sole proprietor or partnership, that you paid $600 or more to in the prior tax year. A company taxed as an s-corp or c-corp would not receive a 1099.
To issue a 1099, we need a copy of the individual's form W9 (so we can identify their legal name, address and EIN / social security number) as well as the total amount that you paid them. We also need your own company contact information, name, address and EIN number. Our fee to issue a 1099 is $12 per form 1099. The Deadline to submit 1099 forms is January 31st at 5 PM.