1099-misc

[sjwhite]

I'm in sales and received three 1099-misc from companies for "spiffs" during the year. They are listed under line 7, which brings me having to list a business name and address. What would I list the name as and should I list the address as my home?
Could I put this under other income (line 3) to avoid this?

[Roland Slugg]

Schedule C

No. SPIFFs paid directly to a salesman ... not through the employer ... are self-employment income, subject to S-E tax. Report them on Schedule C.

[JohnH]

More info

Here's the link to the IRS publication that deals with "spiffs". It only addresses automotive industry manufacturer payments to salespersons employed by dealers, but if your fact pattern is similar you may be able to follow it to avoid payment of the Self-Employment Tax. You'll need to research this further or consult a tax pro if you want to be sure you are handling it correctly.

http://www.irs.gov/pub/irs-pdf/p3204.pdf