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3 years, 4 months ago via email

What is a 1099 Form?

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shakespearegeek | 3 years, 4 months ago
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1099 comes in several different flavors, and basically means "income that hasn't been taxed yet". Dividends on a mutual fund account may come with a 1099DIV, while interest on a bank account will send you a 1099INT. It is often spoken of similar to the W2, as brook says, in that it can also mean "salary that has not had taxes taken out of it yet." But that is not the only reason, it does not have to be that sort of income.

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bbrookin | 3 years, 4 months ago
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A 1099 is similar to a W-2 in that it is a statement of earnings for the year. It is typically used for independent contractors to report earnings other than wages, tips and salaries.

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