• Survey
  • Book Becky to speak
  • The book: Small Town Rules
  • Shop Local video
  • SaveYour.Town

Small Biz Survival

The small town and rural business resource

A row of small town shops
  • Front Page
  • Latest stories
  • About
  • Guided Tour
  • Subscribe
  • Privacy Policy
  • Contact
  • RSS

How to file 1099s

By Maesz

For those of you who have contracted work out to other people, and who have paid those people $600 or more in the past year, now is the time to report that to the IRS and to remind the subcontractors that the payments they received are taxable. It is time to issue Form 1099 MISC.

There is a very nifty site, at FileTaxes.com, that will do the mailing to the recipients and the ultimate filing with the IRS. And all for a mere $3.79 per form–which is tax deductible since you are a business.

You enter the pertinent information:

  • your name,
  • your address,
  • your social security # (or employer’s identification number),
  • recipient’s name,
  • recipient’s address,
  • recipient’s social security #,
  • amount paid in Box 7 (Non-employee Compensation)
  • you also must enter an “account number” (not optional; you can make one up or use one you already have if you assign #’s to your subcontractors within your accounting system).

If you go into the site with the above listed information, you should be in and out a very, very short amount of time. And best of all? The site will send you an email verifying that your 1099’s have been sent to the IRS.

New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Get our updates.

  • About the Author
  • Latest Posts

About Maesz

Glenna Mae Hendricks. She is an entrepreneur and income tax consultant, so we get lots of good tax tips from her. She is an oenophile (“look that up in your Funk and Wagnall’s,” she says), and a wine enjoyment teacher/guide who also writes wine notes at the Allen’s Retail Liquors site. Her political thoughts (and occasional outbursts of domesticity) appear at Old Feminist and Wild-eyed Liberal.
  • Four Things to Know about Taxes and Starting a Business - November 14, 2017
  • You probably should be making estimated tax payments to the IRS - November 7, 2017
  • 2015 Standard Mileage Rates from the IRS - December 23, 2014
  • Deducting your home office – webinar Wednesday - September 8, 2014
  • Webinars on hiring independent contractors and avoiding common tax mistakes - April 30, 2014
  • IRS? There’s an app for that - February 12, 2014
  • IRS Tax Calendar for Small Business and Self-Employed - December 31, 2013
  • 2014 Standard Mileage Rates for Business, Medical and Moving Announced - December 7, 2013
  • Where can you find answers on the Affordable Care Act? The IRS - August 21, 2013
  • Avoiding the Top Tax Mistakes - June 13, 2013

January 27, 2009 Filed Under: finance, tax matters, tools Tagged With: maesz, review, service businesses

Wondering what is and is not allowed in the comments?
Or how to get a nifty photo beside your name?
Check our commenting policy.
Use your real name, not a business name.


Don't see the comment form?
Comments are automatically closed on older posts, but you can send me your comment via this contact form and I'll add it manually for you. Thanks!

Comments

  1. Jeremy says

    January 27, 2009 at 5:18 pm

    Glenna,

    Great post. I wish I would have seen this a week ago. Just had my CPA create them for me. Did not find a good site to do the work for me. Thanks for the info though!

    Jeremy
    http://refocusingtechnology.com

  2. Yosef says

    February 26, 2009 at 11:21 pm

    Nice! I just read that the deadline for filing 1099s was approaching, and I was not sure how to file them. This made it quite painless. Thanks.

Howdy!

Glad you dropped in to the rural and small town business blog, established in 2006.

We want you to feel at home, so please take our guided tour.

Meet our authors on the About page.

Have something to say? You can give us a holler on the contact form.

If you would like permission to re-use an article you've read here, please make a Reprint Request.

Want to search our past articles? Catch up with the latest stories? Browse through the categories? All the good stuff is on the Front Page.

Shop Local

Buy local buttonReady to set up a shop local campaign in your small town? You'll need a guide who understands how we're different and what really works: Shop Local Campaigns for Small Towns.

Best of Small Biz Survival

What is holding us back? Why does every project take so long in small towns?

How any business can be part of downtown events by going mobile

Concert-goers talking and enjoying the evening in downtown Webster City, Iowa.

Why do people say there’s nothing to do here then not come to our concerts?

Retailers: Fill all empty space, floor to ceiling

More of the best of Small Biz Survival

Copyright © 2021 Becky McCray
Front Page · Log in