Bureau of Accountancy
1099-MISC & 1099-INT Reporting
Frequently Asked Questions
What should I do if I do not agree with the amounts reported on my 1099-MISC or 1099-INT?
- Review your payments by registering with the Payee Information Portal.
- If you disagree with the reported amounts, please directly contact the City agency that you provided services to, in order to resolve the problem.
1099 recipients should contact the Hot Line number or the e-mail address only if they cannot satisfactorily resolve their issue with the City agency.
What determines the generation of a 1099-MISC?
Two primary factors determine whether or not you receive a Form 1099-MISC.
- The first factor depends on your business classification. The IRS has determined that individuals, sole proprietors, partnerships, trusts, limited liability companies, estates, resident/non-resident aliens, and joint ventures to be eligible for 1099 reporting. Exceptions apply to corporations and certain corporations who supply medical or legal services.
- The second factor depends on the type of payment made to you. Generally, the following payments for services categorized under a 1099-MISC form:
Type of Payment
1099-MISC Box Number
employee death benefits
medical and health care payments
gross proceeds paid to an attorney
The City of New York reports a majority of it's payments under non-employee compensation (Box 7) for services rendered as professional services. These services include auditors, consultants, actuaries, and business services such as repairs, mechanical, and temporary personnel.
- What determines the generation of a 1099-INT for vendors?
As a vendor, will I receive separate 1099 forms for each City agency that paid me?
The City of New York issues consolidated forms for payments classified under 1099-MISC and 1099-INT forms. The consolidated forms reflect reportable income from all City agencies (with the exception of the Department of Education and School Construction Authority). City agencies are primarily responsible for all payments reported on 1099 forms.
The Payee Information Portal provides a listing of payments reported on your 1099. Please note that Vendors will need to register for the Payee Information Portal to gain access to payments.
What are the minimum amounts reported on a 1099 form?
The City of New York complies with IRS stipulated minimum income amounts (known as reporting thresholds) for each 1099 box on Forms 1099-MISC and 1099-INT. Forms 1099 will not be generated if the following minimum combined reporting thresholds are not met:
1 – Rent
3 – Other Income
6 – Medical & Healthcare Payments
7 – Nonemployee Compensation
14 – Gross Proceeds Paid to an Attorney
1 – INTerest Income