Instructions For Form 1099-Misc - 2006 Page 9
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31Box 10. Crop Insurance Proceeds
information, see Notice 2005-1, which is available on page 274
of Internal Revenue Bulletin 2005-2 at
Enter crop insurance proceeds of $600 or more paid to farmers
irb05-02.pdf.
by insurance companies unless the farmer has informed the
insurance company that expenses have been capitalized under
For deferrals and earnings from NQDC plans for employees,
section 278, 263A, or 447.
see the Instructions for Forms W-2 and W-3.
Boxes 11 and 12. Reserved
Box 15b. Section 409A Income
Make no entries in these boxes.
Enter all amounts of current year and prior year deferrals that
are includible in income under section 409A because the NQDC
Box 13. Excess Golden Parachute Payments
plan fails to satisfy the requirements of section 409A. Include
Enter any excess golden parachute payments. An excess
the earnings on the deferrals. Do not include amounts
parachute payment is the amount of the excess of any
previously included in income. Also, do not include amounts
parachute payment over the base amount (the average annual
that are considered to be subject to a substantial risk of
compensation for services includible in the individual’s gross
forfeiture for purposes of section 409A. For additional
income over the most recent 5 taxable years). See Q/A-38
information, see Notice 2005-1.
through Q/A-44 of Regulations section 1.280G-1 for how to
The amount included in box 15b is also includible in box 7
compute the excess amount.
and generally is subject to self-employment tax.
See Golden parachute payments on page MISC-6 for more
information.
Boxes 16–18. State Information
Box 14. Gross Proceeds Paid to an Attorney
These boxes, and Copies 1 and 2, are provided for your
convenience only and need not be completed for the IRS. Use
Enter gross proceeds paid to an attorney in connection with
the state information boxes to report payments for up to two
legal services (regardless of whether the services are
states. Keep the information for each state separated by the
performed for the payer). See Payments to attorneys on page
dash line. If you withheld state income tax on this payment, you
MISC-2.
may enter it in box 16. In box 17, enter the abbreviated name of
Box 15a. Section 409A Deferrals
the state and the payer’s state identification number. The state
Enter the amount of the total deferrals during the year of at
number is the payer’s identification number assigned by the
least $600 for the nonemployee from all nonqualified deferred
individual state. In box 18, you may enter the amount of the
compensation (NQDC) plans subject to the provisions of
state payment. Use Copy 1 to provide information to the state
section 409A. The deferrals during the year include earnings on
tax department. Give Copy 2 to the recipient for use in filing the
the current year and prior year deferrals. For additional
recipient’s state income tax return.
MISC-7
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