Director's fees are considered to be nonemployee compensation and any other remuneration by the company paying the fees must be recorded on Form 1099-MISC (in box 7) on the year they were paid to you. As a director, you must record and report these fees in the same way you would other income on your tax return.
Include all fees for your services as a director in your earned income. Specifically, this is referred to as nonemployee compensation.
Look for the fee amount on the Form 1099-MISC, which should be sent to you by the organization that paid your fees. It will be necessary to report your fees as self-employment income.
Download a Schedule C or Schedule C-EZ and Schedule SE from the official IRS website. Fill out these forms along with your Form 1040 in order to claim corporate director fees as self-employment income.