What is the purpose of the 1099-int form?

Answer Every January, Americans receive many different types of statements used for income tax preparation. One of these statements is known as the 1099-INT form.FunctionThe purpose of a 1099-INT form is ... Read More »

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What Is the Purpose of a 1099 Form?

The Internal Revenue Service (IRS) is responsible for collecting federal income taxes from individuals and corporations. Individuals and corporations that pay wages, salaries and have other income-... 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 »

What is a form 1099-INT?

A 1099-INT form will show how much interest a financial institution has paid you over the course of the year. The form is sent at the end of the year and is used for filing your taxes.FunctionThe 1... 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 »