Use the Print Forms 1099-MISC screen to generate Forms 1099-MISC for your vendors. You can print the report on a blank Form 1099-MISC or create file forms electronically using Aatrix Report Filing.
Businesses in the United States are required by law to report payment of certain types of non-employee income to federal agencies after the final payments have been processed for a calendar year. Form 1099-MISC lists total amount of all vendor invoices where the 1099 Type field is any one of the 1099-MISC values. You are required to create a Form 1099-MISC for every vendor that meets the threshold established by the IRS. For each vendor that meets this threshold, you need to print five copies of Form 1099-MISC:
- You file Copy A with the Internal Revenue Service (IRS).
- The vendor files Copy B with a federal income tax return.
- You keep Copy C as a record.
- You file Copy 1 with the state tax authority.
- The vendor files Copy 2 with a state income tax return.
If you are required to file a Form 1099-MISC for a vendor, you must give or mail the form to that vendor by January 31. If you are filing paper copies of your Forms 1099 with the IRS, you must submit them by the last day of February; if you are filing electronically, you must submit your forms by March 31.
To open the Print Forms 1099-MISC screen, go to .
| Field | Description |
|---|---|
| Select Format | Appears only if you have modified the format and layout of this report on the Modify Reports screen. Choose a version for this report. |
| Company | Select the company for the report |
| Tax Year | Select the tax year for the report. |
| Vendor | Leave blank to run the report for all vendors or select one or more vendors to narrow it to just your selections. |