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Form 1099 is a form put into action by the Internal Revenue Service (IRS) and is used in the United States income tax system to prepare and file an information return to report various types of income other than wages, salaries, and tips.

The following is information about IEEE's 1099 requirements.

 

Important year-end requirements

IRS Form 1099MISC must be issued to each U.S. independent contractor that has received payments in the calendar year that total US$600 or more for services (including parts and materials).  Form 1099MISC must also be issued to U.S. individuals that receive awards, honorariums, and prizes in the calendar year that total US$600 or more.1099s are not issued for scholarships and fellowships.

IEEE Conference Treasurers & IEEE Geographic Units are responsible for providing the information, for the preceding year, that would be needed to complete Form 1099MISC. This form should be completed and submitted to Member and Geographic Activities via  NetSuite  no later than 20 January, 2012. For instructions on how to process and submit the 1099 information via NetSuite, refer to 1099 Reporting Instructions (PDF, 525 KB). Do not wait until the conference closes.  The IRS requires the 1099MISC forms to be issued no later than January 31st. For questions or concerns regarding MGA year end 1099 reporting please contact the  IEEE MGA Finance Team at financial.report@ieee.org. For questions or concerns regarding Conference 1099 reporting, please contact the IEEE Conference Finance Team at conference-finance@ieee.org.