How Do You Complete a 1099 Tax Form?


Quick Answer

Complete a 1099 tax form by using information that's previously been provided to you by the individual you're paying though his W-9 form, explains the Houston Chronicle. That information includes the name of the worker, his address and his Social Security number, which is filled in on the 1099 form.

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Full Answer

Depending on the type of 1099 form you are completing, you need to indicate the type of payment you made to the individual, and how much you paid them. If you are paying an independent contractor for services performed, you indicate how much you paid him in Box 7 of a 1099-MISC, explains the Houston Chronicle. You don't need to file a 1099-MISC unless you paid the contractor $600 or more. If you're paying an attorney for his services, that amount is indicated in Box 14, and both Box 7 and Box 14 are subject to self-employment taxes. If you withhold federal income tax, include that amount in Box 4, explains Investopedia.

Other payment types included on a 1099-MISC are rents, royalties, fishing boat proceeds, medical and health care payments and crop insurance proceeds, notes Investopedia.

The other types of 1099 forms that you may find yourself filing include 1099-INT, which is payment from interest income; 1099-G, which covers government payments; and 1099-H, which details advance payments from health coverage tax credits, says Investopedia.

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