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When you arrangement a sole freeholder for services, the Internal Revenue Account requires you to affair a 1099 to the artisan back you pay him added than $600 during the year. For best payments, you’ll use Anatomy 1099-MISC to abode the sole proprietor’s assets to the architect and to the IRS. Once you’ve affected the sole proprietor’s anniversary earnings, bushing out the 1099 anatomy takes alone a few minutes.

Obtain IRS Forms 1099-MISC and 1096. The IRS posts copies of these forms on the irs.gov website, but you cannot book and ample these forms out. Physical 1099 and 1096 forms accommodate alluring ink for scanning by the IRS. You can adjustment 1099-MISC and 1096 forms for chargeless on the IRS website, aces up chargeless copies from some ed libraries or acquirement them from an appointment accumulation store.

Provide your business name, abode and employer identification cardinal in the “Payer’s” boxes.

Write the name, abode and tax ID cardinal of the sole freeholder in the “Recipient’s” boxes. In best cases, a sole freeholder will accord you his Social Security cardinal on the W-9 anatomy you access from him afore casework are completed. This is the cardinal you’ll address in the “Recipient’s Identification Number” box. However, in some instances, a sole freeholder may accept an EIN instead. If

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