Form 1099-Misc

According to the IRS, a Form 1099-Misc is appropriate for reporting the following:

• Payments of $600 or more for services performed for a trade or business by people not treated as its employees (such as subcontractors).
• Prizes or awards ($600 or more)
• State and federal tax withheld in conjunction with any of the other activities reportable on the form.
• Rent payments
• Royalty payments ($10 or more)
• Substitute dividend and tax-exempt interest reportable by brokers ($10 or more).
• Payments to a physician, physician's corporation or other supplier of health and medical services, issued mainly by medical assistance programs or health and accident insurance plans ($600 or more).
• Payments to fishing boat crew members coming from sale of catch.
• Crop insurance proceeds.