Tuesday, December 4, 2018

Description of Form 1099-MISC Boxes

Beloware the 1099-MISC Categories available to 1099 Contractor who were set up asVendor Record, and paid through Checks or Bill Payments in NetSuite.


Box1. Rents

Box2. Royalties

Box3. Other Income

Box4. Federal Income Tax Withheld

Box5. Fishing Boat Proceeds

Box6. Medical and Health Care Payments

Box7. Nonemployee Compensation

Box8. Substitute Payments

Box9. Direct Sales of $5,000 or More

Box10. Crop Insurance Proceeds

Box13. Excess Golden Parachute Payments

Box14. Gross Proceeds Paid to an Attorney

Box15a. Section 409A Deferrals

Box15b. Section 409A Income


Note: NetSuite Payrollmodule also support 1099 Reporting, but is limited only to Box 7. NonemployeeCompensation.


Pleaserefer to Answer Id: 66903, Processing Form 1099-MISC Payment through Payroll formore information.


No comments:

Post a Comment