1099 Box Numbers (tfcmg1115m000)

Use this session to define 1099-MISC box numbers that are used when filing the 1099-MISC Income payment information for the IRS.

Note: Box numbers are linked to payment-reason codes in the Reasons for 1099 Box Numbers (tfcmg1116m000) session.

Field Information

Year for 1099

Enter the year to which this box-number specification applies.

Note: Box numbers can vary from year to year, depending on the current IRS guidelines for reporting the 1099-MISC Income.

1099 Box Number

Enter the 1099-MISC Income box number for which payments are reported to the IRS.

Note: Box numbers are assigned by the IRS to categorize the various types of 1099-MISC Income to be reported. The box numbers specified by the IRS for 1997 are:


Box 1	Rents
Box 2	Royalties
Box 3	Other income
Box 4	Federal income tax withheld
Box 5	Fishing boats proceeds
Box 6	Medical and health care payments
Box 7	Non-employee compensations
Box 8	Substitute payments in lieu of dividends or interest
Box 9*	Direct sales of 5,000 or more of consumer products
Box 10	Crop insurance proceeds
Box 11	State income tax withheld
Box 12	State payer's state number

These box numbers are subject to change by the IRS at any time.

* Boxes 9 and 12 are filled in for 1099-MISC Income filing based on information maintained in the Pay-to Business Partner 1099 Details (tccom4126s000) session. These boxes must be excluded from this session.

Description

The description of the box number for 1099-MISC Income reporting. Valid box numbers and their corresponding descriptions are annually specified by the IRS.

Minimum Amount for Printing

Enter the minimum amount for reporting the 1099-MISC income related to the specified box number.

Note: If the total payments for the year are less than the minimum amount indicated in this field, the box number is left blank when filing the 1099-MISC Income paper or electronic forms.