Instructions for Recipients
Box 7. Shows nonemployee compensation. If you are in the trade or
business of catching fish, box 7 may show cash you received for the
Account number. May show an account or other unique number the
sale of fish. If payments in this box are SE income, report this
payer assigned to distinguish your account.
amount on Schedule C, C-EZ, or F (Form 1040), and complete
Amounts shown may be subject to self-employment (SE) tax. If
Schedule SE (Form 1040). You received this form instead of Form
your net income from self-employment is $400 or more, you must file
W-2 because the payer did not consider you an employee and did
a return and compute your SE tax on Schedule SE (Form 1040). See
not withhold income tax or social security and Medicare taxes.
Pub. 334, Tax Guide for Small Business, for more information. If no
Contact the payer if you believe this form is incorrect or has been
income or social security and Medicare taxes were withheld and you
issued in error. If you believe you are an employee, report this
are still receiving these payments, see Form 1040-ES, Estimated Tax
amount on line 7 of Form 1040 and call the IRS for information on
for Individuals. Individuals must report as explained below.
how to report any social security and Medicare taxes.
Corporations, fiduciaries, or partnerships report the amounts on the
Box 8. Shows substitute payments in lieu of dividends or tax-exempt
proper line of your tax return.
interest received by your broker on your behalf as a result of a loan
Boxes 1 and 2. Report rents from real estate on Schedule E (Form
of your securities. Report on the “Other income” line of Form 1040.
1040). If you provided significant services to the tenant, sold real
Box 9. If checked, $5,000 or more of sales of consumer products was
estate as a business, or rented personal property as a business,
paid to you on a buy-sell, deposit-commission, or other basis. A dollar
report on Schedule C or C-EZ (Form 1040). For royalties on timber,
amount does not have to be shown. Generally, report any income from
coal, and iron ore, see Pub. 544, Sales and Other Dispositions of
your sale of these products on Schedule C or C-EZ (Form 1040).
Box 10. Report this amount on line 8 of Schedule F (Form 1040).
Box 3. Generally, report this amount on the “Other income” line of
Box 13. Shows your total compensation of excess golden parachute
Form 1040 and identify the payment. The amount shown may be
payments subject to a 20% excise tax. See the Form 1040
payments received as the beneficiary of a deceased employee,
instructions for where to report.
prizes, awards, taxable damages, Indian gaming profits, or other
Box 14. Shows gross proceeds paid to an attorney in connection with
taxable income. See Pub. 525, Taxable and Nontaxable Income. If it
legal services. Report only the taxable part as income on your return.
is trade or business income, report this amount on Schedule C,
C-EZ, or F (Form 1040).
Box 15a. Shows current year deferrals as a nonemployee under a
nonqualified deferred compensation (NQDC) plan that is subject to
Box 4. Shows backup withholding or withholding on Indian gaming
the requirements of section 409A. Any earnings on current and prior
profits. Generally, a payer must backup withhold at a 28% rate if you
year deferrals are also reported.
did not furnish your taxpayer identification number. See Form W-9,
Box 15b. Shows income as a nonemployee under a NQDC plan that
Request for Taxpayer Identification Number and Certification, for
does not meet the requirements of section 409A. This amount is also
more information. Report this amount on your income tax return as
included in box 7 as nonemployee compensation. Any amount
included in box 15a that is currently taxable is also included in this
Box 5. An amount in this box means the fishing boat operator
box. This income is also subject to a substantial additional tax to be
considers you self-employed. Report this amount on Schedule C or
reported on Form 1040. See “Total Tax” in the Form 1040
C-EZ (Form 1040). See Pub. 595, Tax Highlights for Commercial
Boxes 16–18. Shows state or local income tax withheld from the
Box 6. For individuals, report on Schedule C or C-EZ (Form 1040).