1099 Forms

1099 forms are tax documents used in the United States to report various types of income received by individuals and businesses other than wages from an employer. For example, if you freelance or earn interest, the company or bank that pays you will issue a 1099 form to report how much you earned. There are several types of 1099 forms, each designated for different income sources, such as 1099-MISC for miscellaneous income or 1099-INT for interest income. Recipients use these forms to report their earnings when filing taxes with the IRS.