![]() It’s important to generate timely and accurate 1099-MISC forms every year. ![]() Income you paid to an independent contractor can be tricky.īut order to protect your business in the event of an IRS audit, ![]() And if you’re being honest, you may have been tempted to forego documenting that pay – even if you claim it as a deduction on your business taxes. You’ve probably hired your share of self-employed individuals. Create Flawless 1099-MISC Forms – Every Single Time It can also be used to report royalties, prizes, and award winnings. 1099-MISC is a variant of IRS Form 1099 used to report taxable income for individuals that are not directly employed by the business entity or individual making the payment. Create Your Version of This Document What is Form 1099-MISC?įorm 1099-MISC is the most common type of 1099 form.
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