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
  Rentals	1
  employee death benefits	3
  medical and health care payments	6
  non-employee compensation	7
  gross proceeds paid to an attorney	14

  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.

  For more information regarding the reportability of payments reported on Form 1099-MISC, please visit www.irs.gov or http://www.irs.gov/pub/irs-pdf/i1099msc.pdf.

  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 determines the generation of a 1099-INT for vendors?
  Payments reported on Form 1099-INT primarily involves interest generated from late payments to vendors.
  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.
• 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:

  1099 Form	1099 Box	Threshold
  1099-MISC	1 – Rent	$600
  	3 – Other Income	$600
  	6 – Medical & Healthcare Payments	$600
  	7 – Nonemployee Compensation	$600
  	14 – Gross Proceeds Paid to an Attorney	0
  1099-INT	1 – INTerest Income	$10

   

  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.