Form 1099-MISC

In the United States, Form 1099-MISC is a variant of <a href="/facts/Form_1099/ptKoa7pF">Form 1099</a> used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits: 1 ) to a non-corporate US resident <a href="/facts/Independent_contractor/pqEUAhNv">independent contractor</a> for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the separate <a href="/facts/Form_1099-NEC/ptKoa7pF">Form 1099-NEC</a>. The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099 economy" to refer to the independent contractors themselves. Other uses of Form 1099-MISC include rental income, royalties, and <a href="/facts/Native_American_gaming/8egXlv2W">Native American gaming profits</a>.
The form is issued by the payer (e.g. business) and is due to the recipient (e.g. contractor) by January 31 and to the <a href="/facts/Internal_Revenue_Service/GBdRoslU">IRS</a> by the last day of February: 6  each year for work done during the previous tax year. If the payer is registered to file electronically with the IRS the deadline for filing with the IRS is March 31. In accordance with the <a href="https://sovos.com/blog/PATH-Act-Crucial-W-2-W-3-1099-MISC-Deadline-Changes">PATH Act</a>, these deadlines will be changing so the mailing and transmittal are both January 31 moving forward starting with Tax Year 2016.

Form 1099-MISC open-in-new

Form 1099-MISC