For the service rended, you send out 1099-MISC to service guy if you pay over $600 bucks.
say, I would receive 1099-MISC from jy101 if I made $700 (haha, I am a cheap labor worker) from website design for jy. jy has to efile his 1099 forms no later than 5:00 pm PST today.
jy should send me 1099 earlier so I can finish my tax return timely :-)
just an example above.
When using TurboTax Business to create your W-2 and 1099 MISC forms, it helps to know the IRS filing deadlines. If you have missed a filing deadline you can still prepare, print and file your forms, though IRS penalties may apply. Here are your filing deadlines: 1099 * Copy B to recipient by January 31, 2010 * Copy A to IRS by February 28, 2010 (March 31, 2010 if you e-file)
For more info, pls refer to