Form 1099

What is the for 1099 - Misc used for?

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Gandhevi

  • Aug 17th, 2008
 

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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