In an effort to help make filing taxes easier this year, we are breaking down the various IRS tax forms to help you know if you need them, and how to use them.
IRS form 1099 covers many different kinds of income other than wages, salaries, and tips. Since you don’t have to submit copies of 1099s with your 1040 form when you file on paper, you generally only receive one or two drafts of this form.
While there are nearly two dozen variations on form 1099, the most common ones are 1099-INT, 1099-R, and SSA-1099. Another version you’ll see often is the 1099-MISC, which businesses use for payments that don’t fall under the other 1099 categories.