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Form 6969 1096 OMB No. 15450108 Annual Summary and Transmittal of U.S. Information Returns Department of the Treasury Internal Revenue Service 2016 FILER IS name Street address (including room or
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How to fill out 1096 annual summary:

01
Begin by gathering all the necessary information, such as the name and address of your business, as well as your employer identification number (EIN).
02
Determine the fiscal year for which you are preparing the 1096 annual summary and ensure that you have all the required information for the forms you will be submitting.
03
Enter your business information accurately in the designated fields on the form, including your name, address, and EIN.
04
Carefully review the instructions provided with the form to ensure you understand how to report the information correctly.
05
Report the total number of Forms 1099 that you are submitting for the fiscal year.
06
Enter the total amount of the federal income tax withheld from the payments made to independent contractors.
07
Calculate and enter the total amount of income reported on the Forms 1099 you are submitting.
08
Double-check all the information you have entered on the form to ensure accuracy and make any necessary corrections.
09
Sign and date the 1096 annual summary form to certify its accuracy.
10
Retain a copy of the completed form for your records and submit the original to the appropriate tax authority.

Who needs 1096 annual summary:

01
Businesses that have made payments to independent contractors totaling $600 or more in a fiscal year are required to provide them with a Form 1099, which documents the income they received.
02
Along with providing the Form 1099 to the independent contractors, businesses must also include a 1096 annual summary form.
03
The 1096 annual summary form acts as a cover sheet summarizing all the Forms 1099 that are being submitted to the tax authority.
04
By submitting the 1096 annual summary form, businesses provide the IRS with a consolidated view of the income paid to independent contractors for tax purposes.
05
It is essential for businesses that have made payments to independent contractors to accurately complete the 1096 annual summary form and submit it to the appropriate tax authority.
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