IRS 1099-MISC Basic

[David Chen]

From: http://www.cinfoshare.org/knowledge-share/finance-tax/irs-1099-misc-basic

Last Updated: 02/01/2015

Q: 

I am preparing an IRS 1099-MISC for a contractor. Do I need to file a corresponding form to IRS? If so, what is the name and # of the form?

 

A (Bonnie - a tax professional):

You need to file the forms 1096 together with 1099-MISC Copy A to IRS. For 2014 tax return, the due date to send IRS the 1096 and 1099-MISC Copy A is March 2, 2015.

Q:

In addition to filing forms 1096 & 1099-MISC Copy A to IRS, do I need to file 1099-MISC Copy 1 to VA State Tax Department?

I noticed the forms 1096 and 1099-MISC Copy A (downloaded from IRS website) are in RED color and are not supposed to be used. 

I sent an online request to IRS for hard copies, not sure when the forms will arrive. I don't want to miss the deadline (March 2).

A (Jiajia - a tax professional):

You can't use the downloaded 1099-MISC Copy A. You can either order from IRS or buy at the store. If you didn't withhold any VA tax, then you do not need to file 1099-MISC Copy 1 to VA State Tax Department. 

Q:

If I receive the hard copies from IRS, could l scan the forms to PDF files, then type on the PDF files (from computer), print out and send to IRS?

A (Jiajia):

No, you can't. You need to print on the forms or hand write.

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