A 1099 form is a tax document issued by a business or entity summarizing the nonemployee income you received from them during the year. This can include freelance earnings, rental income and dividends. Receiving a 1099 doesn't automatically mean you owe taxes on that income, but you will nee...
What is a 1099 form? There are so many tax forms out there, so you may be wondering what a Form 1099 is, or why there are different kinds. Here’s the simple answer: different 1099 forms report various types of income to the Internal Revenue Service (IRS). The income reported on an...
A copy of each form 1099 is also sent to the IRS and the IRS can match the information they have on your 1099 to your tax return. What Is Form 1099? IRS Form 1099 is an “information tax return.” It is used to report various types of income. You will receive the appropriate versi...
Many other versions of a 1099 form also can be issued. A 1099-INT, for example, is used to denote the interest that the taxpayer earned. A 1099-G form denotes things such as tax refunds and credits received. A 1099-R is for distributions from retirement plans, annuities, pensions and t...
What Is a 1099 Form? Finance What Is Life Insurance? Taxation What Is a Tax Haven? Economy What Is the Gold Standard? Finance What Is a Joint Account? Related Articles What Does "Fall out of Bed" Mean? What is a Merger of Equals?
Other Common 1099 Forms What Is the Difference Between a 1099 form and form W2? Can I Get a Tax Refund with a 1099 Form? How Much Money Do You Have to Make to Get a 1099 form? How Do I Send 1099 Forms to the IRS? Does a 1099 Form Mean I Owe taxes?
What Is a 1099 Form? You might receive this document if you have freelance work, investment income, retirement distributions or other financial transactions. Jessica WalrackMarch 21, 2025 What Is a 1040 Tax Form? If you’re preparing your taxes, you'll file federal income tax F...
If you're currently paying off a student loan, you may get Form 1098-E in the mail from each of your lenders. Your lenders have to report how much interest you pay annually. Student loan interest can be deductible on federal tax returns, but receiving a 1098-E doesn't alwa...
Selling a life insurance policy can be a taxable event, but only if you sold it for more than your cost basis. That’s what Form 1099-SB is for — it tells you the cost basis of your life insurance policy. Receiving Form 1099-SB does not automatically mean you owe taxes on the life...
By Emily Sherman | Edited by Barri Segal | May 23, 2023, at 10:02 a.m. Save More What Is Financial Security? More Getty Images Financial security can mean something different to everyone, but, in general, it is the ability to choose how we use our money to better our li...