Understanding the Form 1099-Misc

The IRS 1099 Misc form needs to be filled out if you have certain, specific types of what is called miscellaneous payments to non-employees, like independent contractors.

Thursday, 11 December 2014

Different Tax Form 1099 Demands Reporting Of Different Types Of Income

As the tax season is fast approaching, the tax form 1099 will also be in reckoning for the taxpayers to take into account. There are different forms of 1099 as structured by IRS to demand reporting different types of their income.IRS distinguish the different types of income by employing this tax form 1099 to ascertain the one’s income is from the regular job or through other sources. Hence this form 1099 assumes greater significance and thus...