Who needs to file a Form 1099-MISC?

Form 1099-MISC must be filed by businesses and individuals to report specific payments made to other individuals or businesses. Here’s a breakdown of who needs to file it:

• If you’ve paid at least $10 in royalties (box 2) or broker payments in lieu of dividends or tax-exempt interest (box 8).

• If you’ve paid at least $600 in any of the following categories:
  
  1. Rents (box 1)
  2. Prizes and awards (box 3)
  3. Other income payments (box 3)
  4. Cash paid from a notional principal contract (box 3)
  5. Fishing boat proceeds (box 5)
  6. Medical and health care payments (box 6)
  7. Crop insurance proceeds (box 9)
  8. Gross proceeds paid to an attorney (box 10)
  9. Section 409A deferrals (box 12)
  10. Nonqualified deferred compensation (box 15)

• If you’ve made direct sales of $5,000 or more of consumer products to a buyer for resale outside of a permanent retail establishment.
• Additionally, you must file Form 1099-MISC for each person from whom you’ve withheld any federal income tax under the backup withholding rules, regardless of the amount of the payment.

Businesses and individuals can easily e-file Form 1099-MISC using TaxZerone.