| # 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 Reason Codes for 1099 Box Numbers (tfcmg1116m000) session. Related topics 1099-MISC reporting 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. |