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Using Quick Employer Forms to enter fees paid to attorney to generate 1099 MISC, why no box 10 option?
I can't find box 10 in the Form 1099 MISC for fees paid to my attorney. Should I choose another box, and which box?
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Using Quick Employer Forms to enter fees paid to attorney to generate 1099 MISC, why no box 10 option?
??? box 10 is for crop insurance proceeds ???
https://www.irs.gov/pub/irs-prior/f1099msc--2019.pdf
What About 1099-Misc Forms for Attorneys?
The 1099-MISC instructions are specific about providing 1099-MISC forms for attorneys law firms, but they distinguish between two different types of payments:
- Fees: Any law firm or attorney to whom you paid $600 or more in fees during 2018 must be given a 1099-MISC form. Enter the total paid in Box 7. It does not matter if this attorney is a corporation; the 1099-MISC must be provided.
- Gross proceeds: If you paid an attorney $600 or more in "gross proceeds," you must also provide a 1099-MISC (Box 14). Gross proceeds are an amount an attorney receives as part of work on a settlement or sale (of a business or business assets, for example) or in the case where an attorney accepts funds on behalf of a client and takes a fee from the payment.
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Using Quick Employer Forms to enter fees paid to attorney to generate 1099 MISC, why no box 10 option?
??? box 10 is for crop insurance proceeds ???
https://www.irs.gov/pub/irs-prior/f1099msc--2019.pdf
What About 1099-Misc Forms for Attorneys?
The 1099-MISC instructions are specific about providing 1099-MISC forms for attorneys law firms, but they distinguish between two different types of payments:
- Fees: Any law firm or attorney to whom you paid $600 or more in fees during 2018 must be given a 1099-MISC form. Enter the total paid in Box 7. It does not matter if this attorney is a corporation; the 1099-MISC must be provided.
- Gross proceeds: If you paid an attorney $600 or more in "gross proceeds," you must also provide a 1099-MISC (Box 14). Gross proceeds are an amount an attorney receives as part of work on a settlement or sale (of a business or business assets, for example) or in the case where an attorney accepts funds on behalf of a client and takes a fee from the payment.
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Using Quick Employer Forms to enter fees paid to attorney to generate 1099 MISC, why no box 10 option?
Are you looking at the 2020 form by mistake ? We are issuing 2019 forms now ...
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Using Quick Employer Forms to enter fees paid to attorney to generate 1099 MISC, why no box 10 option?
Critter. Thank you. I pulled up the 2020 Form 1099 and thought it was for 2019.
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Using Quick Employer Forms to enter fees paid to attorney to generate 1099 MISC, why no box 10 option?
Yes, they redesigned the 1099-misc form for 2020 and pulled off the misc income in box 7 and moved it to a resurrected form 1099-nec
https://news.bloombergtax.com/payroll/irs-issues-draft-instructions-for-2020-miscellaneous-income
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