How to File a 1099 Form

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The 1099 tax form is designated for the recording of salaries accumulated through various types of calculated wages and salaries. This form is commonly used for self-employment and business filings. Filing a 1099 form can be a bit of a headache without the proper instructions. This process requires great accuracy and documentation for clerical purposes and financial reference. This article will provide you with detailed instructions for filing a 1099 form online to ensure your 1099 form's accuracy and thorough completion.

Things You'll Need

  • 1099 Form
  • Documentation of calculations, tax claims and earnings
  • 1096 Form

Obtain a 1096 tax form. This form should be submitted to the Internal Revenue Service Center along with your 1099 Form. This form is very important because it will serve as the reference and edification of your 1099. It serves as the recordation reference for your sources of income. Any payments you have received in the amount of $600 or more should be listed on your 1096 form. Indicate that you will be submitting the 1099 form along with this form.

Obtain an acceptable IRS copy of the official 1099 Form or go to http://www.IRS.gov. The first page, which should be read, is for Internal Revenue Filing. (This is your federal tax return.) The first thing you will see at the top of the application will be two boxes. They will say "Void" or "Checked." This is listed on the first page. Check the box that refers to your form. On the first page, your demographic information will be requested. Fill out these forms as accurately as possible. The accuracy of your personal information ensures your confidentiality. It is a very viable asset to your tax return form.

Fill out the same exact information on the second page of your tax form. This form is for your state filing. Do not alter any of the information you provided on the first page.

Provide the "Recipient" information for the recipient page of your 1099 Tax form. Provide the correct income amount for your self-employment income sources. Any payments received in an amount more than $400 should be listed on this page. Self-employment income should be listed as "other income." If the payment was received from an account of some sort, all of the account's information should be listed on the page as well. List each income individually in the "Other Income" section of the form. The state tax form will succeed this page. Fill out the data forms according to the previous page.

Provide the payer's demographic and business information. Each payer should be listed on an individual basis. List all sources of income that are applicable to the profit you received from the payer.

Attach documentation that will assist in validating the information you provided. Voided checks, receipts, payment documentation and any other form of transaction documentation is acceptable as long as it is equipped with the proper reference information for payment verification.

Tips & Warnings

  • Keep accurate records of your earnings and documentation of the expenditures you plan to deduct for your 1099 Filing. Always pay your taxes accordingly to avoid future audits and financial repercussions as a result of tax payment default.
  • Be sure your numbers and calculations are accurate and that they correlate to the deductions you are trying to claim.
  • Only provide viable, valuable and relevant information when completing your 1099 tax form. Back this information with solid documentation that can be clearly interpreted when being reviewed.

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