The Definition of IRS 1099?

Answer An IRS Form 1099 is a document used to report various kinds of non-employee income. At the end of every year, an employer will issue you a W-2 form that reports your wages and other compensation. ... Read More »

Top Q&A For: The Definition of IRS 1099

What Is a 1099 For?

The 1099 form is called an informational return. It is used to report earnings and transactions to the IRS that fall outside of the normal wages and salary reporting.FunctionA 1099 form is issued b... Read More »

When does a 1099 need to be sent out?

A 1099 form must be mailed out by an employer by January 31st of each year. If that date is over a weekend or holiday, the company or individual mailing the 1099 usually must mail the form out the ... Read More »

Where is the ein on a ssa-1099?

Form SSA-1099 is used to report Social Security benefits to recipients. Because Social Security benefits are paid directly to recipients from the Social Security Administration, there is no EIN, or... Read More »

What is a 1099-R tax form?

A 1099-R tax form is the form used to report distributions from pensions, profit-sharing programs, insurance contracts, IRAs and certain disability payments to the Internal Revenue Service. The a... Read More »