If you paid an independent contractor $600 or more, then you are required to issue them a 1099-Misc.
File this
form for each person you paid during the year:
- at least $10 in royalties or broker payments in lieu of dividends
or tax-exempt interest;
- at least
$600 in:
- rents;
- services
performed by someone who is not your employee;
- prizes and
awards;
- other income
payments;
- medical and
health care payments;
- crop
insurance proceeds;
- cash
payments for fish (or other aquatic life) you purchase from anyone engaged
in the trade or business of catching fish;
- generally,
the cash paid from a notional principal contract to an individual,
partnership, or estate;
- payments to
an attorney; or
- any fishing
boat proceeds,
In
addition, use this form to report that you made direct sales of at least $5,000
of consumer products to a buyer for resale anywhere other than a permanent
retail establishment.
