form-1099 Price Tag

Instant Online 1099-MISC Form Generator

A simple way to create a 1099-MISC online. Generate, print and use. It’s that simple!

Signing a paystub Signing a paystub and a price tag with a price of 8.99$
money back guarantee
100% Security
Satisfaction Guaranteed
Gold stars

Great Service

First time creating a stub. Customer support was AMAZING. I had a few self-induced issues and customer support was there from start to end.

Brandon Wilson

What is a 1099 Form?

The 1099-MISC form is a form that reports an individual's extra earnings, aside from the salary paid by their employer. The employer must generate a 1099-MISC form and send it to his employee by January 31st, so that the employee can use it when filling his yearly taxes to the IRS (Internal Revenue Service).

Why choose our 1099-MISC Generator?

Our 1099-MISC generator is the simplest and the most advanced 1099-MISC generator tool you will find online. In less than 2 minutes, you can create a 1099-MISC form, automatically filled with correct calculations and ready to be sent to your employees. Providing your company information, as well as the employee information and wage details is all you need to instantly create your 1099-MISC form with us!

Benefits

Using our 1099-MISC maker, you will be able to quickly create any 1099-MISC form for your employees, and have it ready to be sent to them, relieving you of all the stress of filling out forms. Our agents are available 24/7 through chat, phone and e-mail to answer all kinds of questions and inquiries you might have.


Useful Information

What Is A 1099 Misc Form?

Are you a self employed individual and need to file 1099 online? Navigating the many tax documents can be tedious and unwelcome especially if you run your own business. Let’s alleviate some stress and explore what a 1099 form is, and what is a 1099 online. A 1099 miscellaneous form is an informational form that you need to fill out in detail that covers a wide range of payments received over a specific period of time.

Payment items could include a rent payment received, royalties, awards, prizes, substitute payments instead of dividends. Most 1099 miscellaneous forms are known to be filled out mainly by independent contractors and freelancers such as freelance web developers, writers, video editors, musicians, and digital marketers to name a few. Surely the list goes on.

an example of 1099 misc form with a big blue thepaystubs watermark on it

Can You Get A 1099 Online?

The IRS mandates that every person receiving payment through non traditional forms or standard employment ways must report all income made on a 1099 misc form. This form can be attained through the IRS website or through ours. You can now easily file 1099 online through a 1099 generator that simplifies things for you on a whole other level.

You can create 1099 online easily by filling in the required information to the best of your abilities. The 1099 creator will then automatically fill the boxes with the calculations so you don’t have to worry anymore about anything.! Keep reading to uncover more information about how to file 1099 online.

What Kind Of information Do I Need To Include On My 1099?

Before attempting to fill in a 1099 form or create 1099 online, make sure to gather all the information you have so you can make the process as smooth as possible. Some of the information you need to fill out your 1099 Miscellaneous form include;

  • Full Name
  • Current Address
  • Social security number or Employer identification number
  • The total amount of payments you received from a person or entity

If you do freelance work regularly with 2 or more companies or clients then you need to produce each 1099 form. As a freelancer or independent contractor, just like any other standard employee, you must report all your earnings on your tax return. However, you would do it in a slightly different manner. As a self employed individual, you are responsible for medicare and social security tax payments.

You can calculate these figures using various schedules. In a nutshell, your net income information can be calculated on schedule C to know the amount of taxes you owe as a self employed individual for social security and medicare. While on the other hand schedule SE helps you calculate the total self employment tax amount. Do you feel that you still need more details on these schedules? Be sure to check out this article from the IRS.

What Are The Exceptions When Reporting A 1099 Income?

There are a few exceptions when reporting your income on a 1099 or 1099 online. Some payments need not be reported through a 1099, although they could be taxable. In that case, you would need to fill in other documents such as form W2 perhaps or a form 1098 even. Let’s explore some of these exceptions.

  • Payments made for certain commodities such as a telephone, cargo, storage, or any other such related items.
  • Payments made out to real estate agents or property managers. However, the real estate broker should report the rent paid over to the property owner.
  • Payments made to employees while they are on active duty in the Armed Forces or similar uniformed services.
  • Payments made to employees on business travel.
  • Payments or any compensation made for the wrongful incarceration for any criminal offense.

These are just some of the exceptions listed to give you an idea. You can find the full list on the IRS Website so that you can stay informed and up to date.

Who Can Receive A 1099 Form?

As a business owner, you need not issue a 1099 form or 1099 online to all your employees. You might have recently added a few new members to your staff, some part-timers or contractors perhaps.

Usually, your relationship with your contractors will be on a contract or project basis. These individuals would be the ones receiving a 1099 form or creating a 1099 online once the project or contract period has ended. It seems fairly easy, doesn’t it? Well, It can get quite complicated though as some individuals are self-employed yet still work for a company full time. What does that make them? Should independent contractors receive a pay stub or 1099 especially if they work close to full-time hours?

Who receives a 1099, how they receive it and when, can vary depending on each individual situation. It is not mandated by all states to send out a 1099 or a 1099 online but it is very much recommended by corporate accountants. This is done to help you keep track of your spending and payments.

a cartoon brunette man holding a thought bubble

If you were to send out actual 1099 forms then you must do so as a business by or before January 31st. Here is a full guide to help you further understand who gets a 1099 form. To avoid any payroll issues and liabilities, you can utilize a 1099 generator to create 1099 online and streamline your payroll situation. 1099 creator is guaranteed to give you the results you need.

What Is The Difference Between A 1099 Misc And A W2 Form?

Many individuals complain that all these tax documents have many similarities. It is very understandable why one would think that, especially if they are not well versed with the financial and tax realm. That is precisely why we are here.

We already uncovered that freelancers or contractors get paid differently to other employees, either on a per project basis or on contract terms. A traditional employee is a W2 employee and that means he/she has worked in the office for 20 hours a week at the very minimum, for a period of at least 3 months. If, however, you were given the option to work from home and get paid to complete a specific set of projects, then filling a 1099 form or 1099 online seems like a legit option.

As a contractor, if you have an obligation to show up at the office and stay for a specific number of hours, then you are by law classified as a W2 employee. It is a wise move to insist on your human resources department to classify you as a W2 employee in that case. Such an act will protect you from being taken advantage of by your employer or the company you work for. This can also save you time and money come tax filing time.

Don’t get fooled and make sure you know which category you fall under a W2 or 1099. If you are not knowledgeable on these things, you could very well be abused by the company and you wouldn't even know it. Create your W2 form with this online W2 generator!

How Do I File A 1099 Online?

If you have been given a 1099 physical form you can mail in your tax return. If however, you have created or been given a 1099 online, and you have filled it out, here’s how to file 1099 online easily.

First, you need to make sure that you have several copies of your 1099 on hand so that you can send copies to the following concerned parties by or before January 31st at the very latest.

  • The IRS
  • The State tax department
  • The contractor
  • For your own records

Below are some of the ways you can file 1099, however that depends on how you have registered or incorporated your business.

If you, as an independent contractor, have registered yourself as a company with a single member as in, an LLC/Sole Proprietor, then your income is reported on a schedule C form. You need to remember to add your 1099 income to all your other revenue sources and mention it on line 12 of your tax return.

If in the instance that you have registered as a multi-member LLC or corporation, then your filing methods will be a bit different. Rather than filling your 1099 under your personal income tax, you would need to include it on your business tax return in the total income section.

a cartoon brunette woman in a blue shirt next to a calculator

As a business employing a contractor or freelancer, you will need to submit a 1096 form to the IRS to summarize all of your 1099 misc forms that you have issued over a set period of time.

How Can I Report Cash Income As A Freelancer?

A 1099 form or 1099 online is only issued to freelancers who get paid $600 or more. What happens then if you get paid less than that?

As a general rule or best practice, you as a contractor must keep a record of all your side jobs and gigs. This will help you be more financially organized and understand how much you’ve made, and how much you owe come tax time. If, in the unfortunate event that the IRS comes knocking on your door, you can have proof of income at any given time.

There are many ways to stay financially organized and to track your earnings throughout the year. First off, you must get in the habit of capturing. To capture your receipts, invoices, and expenses is a difficult task but there are a few apps out there that can make this much easier for you.

  • Freshbooks App - scans and records receipts on the go
  • Abukai - receipt saving app
  • Your iPhone - can also scan receipts for you using the notes app

These user-friendly apps can help you keep track of every amount you make or spend so you can count it as an expense or profit. Make sure you separate your personal and corporate expenses. Take it one step at a time, get in the habit of gathering your financial details first and foremost.

If you choose not to do your own taxes come tax time, and you employ an accountant who does this for you, then you need to invest in an accounting software as well. Consult with your accountant as to which software would work best for you and your budget.

Having such a software makes it easier for your accountant to access your files and get things done quicker. This kind of software allows you to be able to back up your files to a cloud-based storage. Hooray for saving the environment and decreasing your paper trail!

You will be glad to know that all of these preparations get you in the healthy habit of keeping and maintaining accurate financial records. This will ensure that you meet and exceed your tax obligations and filing requirements.

In addition, you do not have to worry about possible penalties or interest for a missed or late payment. Such unfortunate incidents are for the less organized. You’re playing in the big league now with these easy tactics.

Businesses must remember to keep a record of certain documents mentioned below and keep them easily accessible to you. You will need to keep them around for a minimum of 6 years.

  • Invoices and receipts - for any services provided by your entity
  • Invoices for goods and services for your business
  • Bank account statements
  • Credit card statements
  • Business tax return documents
  • Financial statements including profit and loss statements
  • Records of payment made to employees (if any)

Are There Any Ways To Minimize Taxes On 1099 Income?

The million dollar question on everyone’s mind is how to reduce taxes, especially on 1099 income. We all know that you are obligated to pay self employment tax especially when your gross earnings for the tax year hit around $400. On that principle, about 15.3% of your gross earnings go to taxes. No one is thrilled about that.

That being said, there is light at the end of the tunnel. You could be entitled to certain tax breaks. Let’s address the basics first.

Now that we’ve discussed up top, how you can track your income, you can now easily calculate your gross income and your taxable income. Being up to date and staying on top of your earnings and expenses will help you identify your tax bracket easily. This will allow you to pay exactly what you owe and not over nor underpay.

a cartoon light blue notepad next to a blue calculator

Let’s talk about some of the deductible business expenses that you can avail of. If you have arranged or used any of the following on your business then you could be eligible for a higher deductible.

  • Advertising costs.
  • Car expenses related to your business.
  • Office expenses, stationery supplies, cleaning services, etc.
  • Home office expenses, such as utility, internet, rent, and on some occasions homeowner’s insurance.
  • Business travel expenses - conference costs, flights, hotels, etc.

Keeping the receipts of all these things will help you have a business expense that is tax deductible. All you need to do come tax time is add up all of your expenses and file them as deductions.

Self-employment tax gives you the benefit of being both, the employer as well as the employee. Doing so opens up doors for you to deduct business as well as personal expenses. We’ve discussed the business expenses, let’s talk now about your personal expenses. You have the liberty of deducting medical insurance costs for instance. They can be for you, your spouse or your children.

Here’s a bonus tip for you. Try and do the switch from a self employed company to a sole proprietorship business. Not only are they easy and cheap to form but you can also be eligible to form an S corporation to reap substantial tax benefits

Try and do your due diligence in keeping up with financial news and updates but it is understandable that some things may slip right through you. If you have the budget and can afford to do so, it is recommended that you hire a tax attorney specialist. He/She would be more knowledgeable in the ins and outs of the tax realm and the relevant provisions of the tax code. Yes, it would be an added expense to you but it can also hold its rewards as he/she could help you get more deductions than you would have previously thought. That’s a bonus by itself!

What Are The 1099 Penalties I Should Be Aware Of?

As always, there are some IRS penalties that you need to be aware of and try your very best to avoid.

  • Late 1099 form filing.
  • Filing a 1099 form that is not machine-readable.
  • Failure to include all the necessary information.
  • Failure to file electronically when you were requested to.
  • Filing with incorrect or missing TIN.

Filing form 1099 within 30 days or less after its due date gives you a penalty of $50 per form you send in. This can increase up to $100 per form if it exceeds 30 days. Stay ahead and allocate some time yearly to prepare your tax documents so you can file on time and avoid the IRS penalties associated.

What Is A 1099 Creator?

Utilizing a 1099 creator could also help you save time, energy and additional expenses. By creating a 1099 online through a 1099 generator, you can create a document every time you need one to store payment information and you need not worry about your client or employer.

The 1099 generator has proven to be a small business’ best friend as it supports, and saves all relevant and important information. Best part is you can either print your 1099 or send your 1099 online. Create 1099 online today with us and enjoy all the convenience!

ThePaystubs website offers individuals, freelancers and businesses of all sizes, the ability to create and streamline paystubs documents for a small reasonable fee. Have we also mentioned that we’ve got a variety of paystub templates available for you to choose from?

Our team of experienced accountants have created this software to verify the calculations to give you accurate results. Simply enter the information correctly to the best of your ability, preview your form or document.

From here on you can either print or electronically send out the required document to your employee and the IRS. This saves you time and the headache of mailing your documents to your employees or contractors. Besides, this way you can guarantee that your document arrives safely and does not get lost somewhere. After All this is the 21st century.

money back guarantee
100% Security
Satisfaction Guaranteed
Gold stars

Great Service

First time creating a stub. Customer support was AMAZING. I had a few self-induced issues and customer support was there from start to end.

Brandon Wilson