Taxpayers
are not very fond of receiving IRS Form
1099. On the other hand businesses might also not like sending these forms
out. In fact, it can rightly be said that there is not a single individual who
likes Form 1099 with IRS being an exception. The IRS or Internal Revenue
Service simply loves the 1099s because these forms make way for data matching
against the tax returns. Some of the most important things that you should know
in regard to Form 1099 prior to filing your taxes are as follows:
It is better to give the Form
rather than Receiving...
