• January 11, 2015
1099-MISC Box 15a and 15b – Section 409A Deferrals and Income – Nonqualified deferred compensation plans are used by businesses to supplement…
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  • January 8, 2015
1099 MISC Box 10 is Crop Insurance Proceeds which is about the money proceeds from crop insurance as offered by insurance companies…
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  • January 7, 2015
1099-MISC Box-7 – Nonemployee Compensation- when an employer pays or compensates or spends a minimum of $600 or more to the consultants…
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  • January 4, 2015
1099-MISC Box-5 Fishing Boat Proceeds-this is about the money proceeds as payable by the owner of the fishing boats to each working…
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  • December 30, 2014
Before proceeding to Box-4, the IRS 1099 Instructions towards Box-3 for other income states as follows –  Employers should not include prizes and…
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  • December 29, 2014
1099-MISC Box-2-Royalties: The box one for rent as in IRS 1099-MISC determines the reporting as spells out the standard $600 which applies to…
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