File with a tax pro What is a 1099 form used for? Notice a pattern above? The first group of 1099 forms involve investment income, while the second group covers income derived from non-investment income such as rents, royalties, and nonemployee work. ...
Withholding Employers had to follow IRS instructions to withhold according to a limit on the number of exemptions it allowed the employee. Employees had to revise their W-4s if they wished to claim more exemptions than were allowed, and provide a written statement explaining the request. The req...
Include a brief letter explaining why you are asking for the information. Let payees know that by providing the information they are not only ensuring that you have their correct identifying information, but that they are also certifying their status as a U.S. citizen or other U.S. person. ...