1099 forms are used to report income you earned from sources other than salary or wages. You might get 1099-INT to report interest income, while the 1099-DIV shows dividends and capital gains on investments you hold. If you sell an investment, such as stocks or bonds, you will get 1099-B. And if you do work for a company or person as non-employee and earn more than $600, they should issue you a 1099-MISC.
If you file your return electronically, you do not have to worry about mailing any of your 1099 forms. The issuer is required to send a copy to the Internal Revenue Service as well. However, if you file a paper return, you should attach a copy of any 1099 that shows federal tax withholding in Box 4. If no tax was withheld, just mail your return without it.
Style Your World With Color
Create balance and growth throughout your wardrobe.View Article
See how the colors in your closet help determine your mood.View Article
Explore a range of cool greys with the year's top colors.View Article
Explore a range of deep greens with the year's "it" colors.View Article
- Comstock/Comstock/Getty Images