FORM 1099 FILING REQUIREMENTS: WHAT YOU NEED TO KNOW
Forms 1099 are “information returns” that businesses are required to file annually with the IRS. The forms are used to report amounts a business paid out that should be reported by the recipients as income. Form 1099-MISC, Miscellaneous Income, is probably the most familiar to business owners. But Form 1099-MISC is just one of a group of more than fifteen different forms used to report other types of income to the IRS. To increase compliance of Form 1099 filing, business inco