1099 Form

A 1099 Form is a tax document used in the United States to report income received by someone who is not an employee. This income can come from various sources, such as freelance work, rental payments, or interest earned on savings. Businesses or individuals who pay $600 or more to a non-employee during the year are required to issue a 1099 Form to report this income to the IRS, ensuring that the recipient reports it on their tax return. There are different variations of the 1099 form, depending on the type of income being reported.