Who must give out a TIN number for a 1099 form?

Answer Independent contractors must file a form 1099 from the Internal Revenue Service if they make more than $600 per year. A TIN is a taxpayer identification number, which is usually your Social Securit... Read More »

Top Q&A For: Who must give out a TIN number for a 1099 form

What is the limit on income before you must get a 1099 form?

The threshold at which a 1099 needs to be filed varies depending on the type of income to be reported. The minimum requirement for 1099-MISC income is $600 in most cases, but a 1099-INT for intere... Read More »

Can a Small Business Give an Employee a 1099 Form?

By definition, you can't give an employee an Form 1099 for the work the employee performed. However, you can hire an independent contractor to do work for you, and if that work totals more than $60... Read More »

When must a 1099 misc be issued?

You must use a Form 1099-MISC to report money paid to any individual or other business in an amount of $600 or more for services provided. The services must have been required during the normal cou... Read More »

What is a 1099-INT tax form?

Form 1099-INT is a tax form that documents the income that you have received from interest over the year. Interest is categorized as unearned income but still needs to be reported on your income ta... Read More »