Nonemployee compensation 1,100 is correct
Will it be the same for Federal income tax withheld as well?
b. Philcon Corporation also paid $1,100 to Ralph Kincald for presenting a management seminar. Ralph is not a Philcon employee and lives at 1455 Raspberry Road, Anchorage, AK 99508, and his Social Security number is 475-45-3226. Complete the Form 1099-NEC for the payment to Ralph from Philcon Corporation. CORRECTED (if checked) PAYER'S name, street address, city or town, province or state, country, ZIP or foreign postal code, and telephone no. OMB No. 1545- 0115 Philcon Corporation, P.O. Box 4563, Anchorage, AK 99508 - 2020 Nonemployee Compensation Form 1099- MISC 1 Nonemployee compensation $ 1,100 PAYER'S TIN RECIPIENT'S TIN 2 Copy B For Recipient 12-3456789 475-45-3226 RECIPIENT'S name 3 Ralph Kincaid 4 Federal income tax withheld Street address (including apt. no.) 1455 Raspberry Road - S $ This is important tax Information and is being furnished to the IRS. If you are required to file a a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported City or town, state or province, country, and ZIP or foreign postal code Anchorage, AK 99508 FATCA ning reculrament Account number (see instructions) 5 State tax withheld Suste income 6 State/Payer's 7 state no. $ S 5 5 Form 1099-NEC (Keep for your records) www.irs.gov/Form1099NEC Department of the Treasury - Internal Revenue Service b. Philcon Corporation also paid $1,100 to Ralph Kincald for presenting a management seminar. Ralph is not a Philcon employee and lives at 1455 Raspberry Road, Anchorage, AK 99508, and his Social Security number is 475-45-3226. Complete the Form 1099-NEC for the payment to Ralph from Philcon Corporation. CORRECTED (if checked) PAYER'S name, street address, city or town, province or state, country, ZIP or foreign postal code, and telephone no. OMB No. 1545- 0115 Philcon Corporation, P.O. Box 4563, Anchorage, AK 99508 - 2020 Nonemployee Compensation Form 1099- MISC 1 Nonemployee compensation $ 1,100 PAYER'S TIN RECIPIENT'S TIN 2 Copy B For Recipient 12-3456789 475-45-3226 RECIPIENT'S name 3 Ralph Kincaid 4 Federal income tax withheld Street address (including apt. no.) 1455 Raspberry Road - S $ This is important tax Information and is being furnished to the IRS. If you are required to file a a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported City or town, state or province, country, and ZIP or foreign postal code Anchorage, AK 99508 FATCA ning reculrament Account number (see instructions) 5 State tax withheld Suste income 6 State/Payer's 7 state no. $ S 5 5 Form 1099-NEC (Keep for your records) www.irs.gov/Form1099NEC Department of the Treasury - Internal Revenue Service
