When is tax form 1099 required?

Answer A 1099 is a form used to report income that is not included on other tax forms. There are numerous 1099s. The type of income in question determines which form is used. For example, a 1099-INT is us... Read More »

Top Q&A For: When is tax form 1099 required

What is a form 1099-S?

A form 1099-S is used to document the amount you received from a real estate sale for income tax purposes. The form 1099-S form documents the date of sale, sale price, location, whether the seller ... Read More »

What Is a 1099 Form?

When you are employed by a company, you generally receive a W-2 form at the end of the tax year that reports your wages. However, if you are self-employed, work as an independent contractor or free... Read More »

What is a 1099 form used for?

The Internal Revenue Service has dozens of different tax forms that sometimes befuddle the taxpayers, especially since they are identified by numbers, such as the 1099. The 1099 is a fairly common ... 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 »