Form 1099-MISC
Vantagepoint provides data for the 1099-MISC work file as detailed on the following tables. You can modify this information on the 1099-MISC tab that displays when you click Edit on the Actions bar.
Options
Field | Description |
---|---|
VOID | This checkbox is usually cleared. Select it on the 1099-MISC tab of the Form 1099 Editor to include void 1099s. |
CORRECTED | This checkbox is usually cleared. Select it on the 1099-MISC tab of the Form 1099 Editor to include corrected 1099s. |
Exclude this Vendor from 1099-MISC reporting | This checkbox is usually cleared. Select it on the 1099-MISC tab of the Form 1099 Editor to exclude the vendor from 1099-MISC reporting. |
Form
Box | Field | Description |
---|---|---|
PAYER’S Full Name, Address and Phone Number | The payer’s name, address, ZIP code, and telephone number, from the Form 1099 Processing form | |
PAYER’S TIN | The payer’s identification number, from the Form 1099 Processing form | |
RECIPIENT’S TIN | The vendor’s identification number | |
RECIPIENT’S Name | This field displays one of the following, depending on the value you choose in the
Payment Payee field on the Payments tab of the Accounts Payable form ( ):
|
|
Street Address (including apt. no.) | This field displays data from the vendor's primary address. | |
City, State, and ZIP code | This field displays data from the city, state, and ZIP code in the vendor's primary address. | |
Account Number | This field displays the vendor number. | |
2nd TIN Not. | This checkbox is usually cleared. Select it on the 1099-MISC tab of the Form 1099 Editor. | |
1 | Rents | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
2 | Royalties | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
3 | Other Income | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
4 | Federal Income Tax | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
5 | Fishing Boat Proceeds | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
6 | Medical and Health Care | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
7 | Payer Made Direct Sales of $5,000 or More | This checkbox is usually cleared. Select it on the 1099-MISC tab of the Form 1099 Editor. |
8 | Substitute Payments in Lieu of Dividends | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
9 | Crop Insurance | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
10 | Gross Proceeds Paid to an Attorney | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
11 | Fish Purchased for resale | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
12 | Section 409A Deferrals | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
13 | FATCA Filing Requirement | This checkbox is usually cleared. Select it on the 1099-MISC tab of the Form 1099 Editor. |
14 | Excess Golden Parachute Payments | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
15 | Nonqualified Deferred Compensation | This box is usually empty. Enter data through the 1099-MISC tab of the Form 1099 Editor. |
16 | State Tax Withheld | Enter data for one or two states. |
17 | State/Payer's State No. | Enter data for one or two states. |
18 | State Income | Enter data for one or two states. |
Parent Topic: 1099 Form Contents