Add Signatory 1099-MISC Form with airSlate SignNow

1099 MISC 2017 Form

hey guys and welcome out into today's video where we're gonna be filling out an example very simply of a form 1099 miscellaneous if you hired out contract work for your business some non employee compensation so what you're going to want to do you have to order these forms from the IRS I'll link that down in the video description they're gonna send you this booklet here for instructions on how to fill out the 1099 miscellaneous and then they're also going to send you these things they I feel like newspaper but they're gonna be stacked on top of each other so when you fill them out the ink bleeds to the other side and you can fill out a bunch of forms at the same time because of that so that's why you need to order these particular forms because they're quite a bit different than just traditional computer paper that you'd print them out on but for today's example we're just gonna fill it out on this piece of computer paper that I've printed out here so the first thing you're gonna want to do is the top here it's the payers name Street at your address city or town state all that good stuff so for today's example this is going to be the business Z builders and they're gonna be from one to three Maple Avenue Oaktown Alabama zero zero zero zero zero so of course a fake address here just a simple example of a business name address all that stuff so now we're going on to the payers TI n the federal identification number so this is gonna be your probably your employer identification number so just throwing an example one down here one zero nine nine nine nine nine nine nine and I'm pulling this example right out of the instruction booklets also you're gonna put down the recipients identification number so that's gonna be their social security number again we're just gonna fill in a fake one here and then below that you have the recipients name we're gonna have it Ronald green and he is d/b/a Y drywall and then street address four five six flower lane and then he is also from Oaktown Alabama Music and we're almost done here now you just have to go to how much you actually paid this non-employee and compensation if it's over six hundred dollars you're gonna have to fill this out if it's below that you don't need to worry about it so for this example we are gonna put down fifty five hundred and that's gonna wrap it up guys it's a pretty easy form to fill out for contract work maybe you hire a bunch of different people so make sure you get their identification number so you can put that down as well as their name and address and of course always keep track of receipts and how much you paid them throughout the year so you can add that up and put it in the non employee compensation so once you fill that out you need to send the recipient their forms in the mail and you have to do this in the earlier portion of the year I recommend just doing it right away in January filling all these out and getting them out to all of the respective recipients but it's a pretty easy form to fill out straightforward and you go ahead and do that and you should be all set and ready to go so thanks guys for stopping on in for today's video again I'm gonna link down in the video description where you can get these forms from the IRS so you can order them in the mail thanks guys we hope to see in future videos bye