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Frequently Asked Questions

What forms are needed for a 1099 employee?

Each 1099 needs your business name, address, phone number and employer identification number. For the independent contractor, you need his Social Security number, address, and the amount paid. After you fill out all of your Form 1099s, you must complete Form 1096.

What is needed for a 1099 employee?

A 1099 is required for independent contractors. More Info: Most people are familiar with a W-2 form; it declares gross annual income from one employer and various withheld amounts, and employees receive them annually. But not all working people need a W-2 form. Independent contractors need a Form 1099 instead.

What forms do 1099 employees fill out?

While direct employees of a company receive a W2 that details their earnings and withholdings for the previous tax year, contractors and self-employed individuals are eligible to receive a 1099 (1099-Misc is the most common type) form. If you’re a contractor, you’ll use this form to fill out the IRS form 1099 Misc when filing your taxes.

What are the requirements to become a 1099?

As a general rule, you must issue a Form 1099-MISC to each person to whom you have paid at least $600 in rents, services (including parts and materials), prizes and awards, or other income payments. You don't need to issue 1099s for payments made for personal purposes.

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