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hey my name is Brett her I'm an instructor for overnight accounting comm and I want to welcome you to our two-minute tax take in this two-minute tax take we are going to teach you how to complete your forms 1099 miscellaneous and we are going to try to do it in two minutes or less let me set my watch here I have a bet with Brad that I can not do this in two minutes or less Brad by the way is our producer he's always saying I have too long-winded in my videos so I'm gonna prove him wrong in this one so are you ready I got my watch set now and here we go okay part number one what do you need to complete form 1099 miscellaneous well of course you're gonna need your form 1099 miscellaneous as you can see here that is copy a you're also gonna need copy B copy a goes to the IRS copy B goes to the recipient you can see here that this copy a is white it is supposed to be red so the copy you get from the IRS which you have to give Narus or order in a store you can't print them out you need the red copy to send to the IRS copy B can be pretty much anything it's using your own white paper you also need form 1099 I mean form 1096 that is a transmittal form it goes to the IRS you send your copy of your ten nine miscellaneous with the 1096 sent up to the IRS okay how do you complete it you're gonna have to complete your payor information that's your information right here name and address and that information there you're gonna need your payers yeah n number or your social security number if you don't have it I'd suggest you get an EIN number because you don't want says curry number floating around over to place recipients information going to need their AI n number or their social security number very important you get that information and their name and address goes here you could have complete one or two other boxes on this form you're gonna be a complete box one rinse common most common health promotion week will be a box seven not employee compensation for services $600 the more you pay during the tax year okay form 1096 you've got to complete the name and address information up here you got to complete this information here this is your information by the way the person paying the forms or sending the forms to the recipie the person who paid the recipients the money right here you're going to need to put your social security number here box two or box one you're going to need to put your EIN number you're also gonna need to let them know the total former senator a number of 1099 tonight at miscellaneous that are going with the forms also you need to report the total map those report on all the forms to nine nines miscellaneous whatever box you're using and then also here you check this box right here performed tonight tell them it's a form 1099 miscellaneous at your Merrick male cop to be the recipient male copy a and form two nine six to the IRS make sure you do that that's very important do not bend those envelopes use a big envelope to do it you still have any questions who receipts form 1099 miscellaneous or payments to require form ten nine miss aways take our course born to nine on basics rent and non employee compensation thank you so much again I'm Brett Hirsch and I did go over a little bit but you may notice that in the end I was doing a promo for our class so that does account Brad