IRS Form 1099-MISC

IRS Form 1099-MISC
USA
A statement of miscellaneous income provided by a company during a calendar year to certain service providers, including independent contractors and non-employee directors. Payments reported on an IRS Form 1099-MISC include:
• Compensation paid to independent contractors.
• Director fees.
• Health care services to non-employees.
An IRS Form 1099-MISC must be:
• Distributed to the applicable service provider.
• Filed with the Internal Revenue Service.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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