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This category page will contain discussions that have been manually categorized as dealing with 1099-MISC issues. Not all relevant discussions get categorized, so please also use the search box; for best results search on "1099-MISC" including the quotes, otherwise the hyphen may cause the search engine to report invalid results. You may also find results under "1099MISC" without the hyphen, or "1099 MISC" with a space instead of the hyphen.


Hot Topics

New 1099 questions (for 2011 tax year)

This is a partial list; there have been at least that many more; they will be found and added to the list later. The list is sorted by schedule, more or less (B, C, E, etc.), but that will also be improved later.

IRS and FTB insisting on 1099s to support deductions

Repeal (PL 112-9, 2011)

On April 14, 2011, the president signed HR 4, which repeals the new 1099 provisions from both the Small Business Jobs Act (rentals/landlords) and those from the Health Care Bill. The Senate passed this bill on April 5, and the House had already passed it on March 3.

Do read this late-2011 discussion about the scope, w/r/t rentals: Discussion:Argument over 1099s for landlords--repeal, etc.....

RENTALS - HR 5297, Small Business Jobs Act of 2010 (repealed)

This act increases information reporting penalties (Sec. 2102 of the act) and (Sec. 2101 of the act) requires all persons receiving rental income from real property to file information returns to the IRS (expanding prior information reporting requirements to those who may not previously have considered their rental activities to rise to the level of a trade or business), effective for years beginning after 12/31/10 (i.e., for payments made in 2011 that will be reported in 2012).

Related discussions:

CORPS - HR 3590, Patient Protection and Affordable Care Act (PPACA), 2010 (repealed)

This act amends Sec. 6041 on information reporting to make 1099-MISC requirements also apply to corporations, beginning with payments in 2012 (for 2013 reporting). See Sec. 9006 of the act, which is also referred to as the Health Care Act.

Related discussions, articles, and guidance:

1099-K - HR 3221, Housing Assistance Tax Act of 2008

Section 3191 of this act adds Sec. 6050W to the code. This resulted in the creation of a new form, the 1099-K, for reporting of credit card and third-party processing payments. The 1099-K is to be filed by payment settlement entities (the credit card companies/third-party processers), for payees (card holders, etc.) with payments exceeding $20,000 per year and more than 200 transactions per year. The reporting requirement starts with 2011 payments. There are also new requirements for backup withholding.

Related discussions, articles, regs, notices:

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Pages in category "1099-MISC"

The following 42 pages are in this category, out of 42 total.



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