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Question:  Form 1099

Answer: What is the for 1099 - Misc used for?


August 08, 2008 09:35:48 #1
 Gandhevi   Member Since: August 2008    Total Comments: 6 

RE: Form 1099
 
1099 form is an Internal Revenue Service(IRS) tax document i.e., sent to businesses or  individuals after calender year end. It is used by them for reporting taxable income to the IRS.

It is not issued to Corporations & Non-Profit/Non Exempt organizations.

Regards,
Vinod.
     

 

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