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4 42 5 MiscellaneousInternal Revenue Service  Form

4 42 5 MiscellaneousInternal Revenue Service Form

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Instructions and help about 4 42 5 MiscellaneousInternal Revenue Service

(chimes playing) - [Toby Mathis] How do you report and issue a 1099 MISC? Which is a 1099 miscellaneous. And then is it too late for 2018? Jeff Webb, you love these things. - How do you report, well you're just reporting payments made to others that are not corporations. - Non-corporations over 600 bucks. - Over 600 bucks for services. Not for materials purchased. So you would actually report that on a form 1099 with that vendor or whoever's name on there. - Now you're a little late for 2018. It was actually due January 31st was the first due date. - Yeah, the one's with boxed out, the non-employee compensation we call it, your independent contractors. Those had to be filed by January 31st. The rest of the 1099 MISC has to be filed by yesterday. - Oh, so we can go back in time a day. What happens if you file late? - If you file late, it's usually a penalty of $50 per 1099. - What if you just don't file? - Can they catch ya? - Yeah. - Oh,

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