What Is a 1099 For?

Answer 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 »

Top Q&A For: What Is a 1099 For

What is form 1099-int?

The interest that you receive from banks and other financial institutions is usually taxable. To help you, and the government, make sure that you are accurately reporting interest income, it will b... Read More »

What is Form 1099-C?

Form 1099-C is the cancellation-of-debt form used by the Internal Revenue Service (IRS). If creditors cancel a debt that is more than a certain amount of money, they must report that information on... Read More »

What is the IRS form 1099?

According to the Internal Revenue Service (IRS), Form 1099-MISC is used to report miscellaneous income for determining federal taxes. This income includes royalties, rents and non-employee compensa... Read More »

What is a 1099-C tax form?

A 1099-C tax form is officially called "1099-C: Cancellation of Debt." When an individual has either settled for less than a debt owed; is unable to pay any of the debt; or the creditor decides to ... Read More »