What is Form 1099? Types, Eligibility, and Filing Guide
Understanding 1099 forms is essential for freelancers, contractors, investors, and businesses. Form 1099 reports taxable income that is not from traditional employment (wages or salary) – income that the IRS expects you to declare; missing or misreported 1099s can trigger audits, penalties, and unexpected tax bills. This guide explains what a 1099 form is, who…
