1099 FormIRS 1099 misc forms. Learn How to fill 1099 form. Tips, instuction and videos about turbotax and 1099 tax forms.
A guide for Internal Revenue Service 1099 form
A Form 1099 is a type of "information return". It is a tax form that you get in the mail if you received certain types of income during the year. You generally have to report the information from a 1099 on your tax return. A 1099 is similar to a W-2, but while a W-2 reports wages, salaries, and tips, a 1099 reports many other kinds of income. There are many different varieties of 1099 form, and each one is used to report different, specific types of income. Table of Form 1099 Descriptions, Reporting Requirements, and Due Dates
When should you expect your 1099 forms in the mail? What if you only earned $10--do you still get a 1099? Does any amount of income have to be reported? The table below answers all of these questions. This table lists each type of 1099 form by number and title, shows each form's reporting requirement (the minimum dollar amount which must be reported), and the due date on which the form should be received by you.
Minimum Amount Reported:
The IRS requires you to report all taxable income, even if you do not receive a form 1099 for a particular payment you received. For example, if you earned less than $600 as an independent contractor, the payer does not have to send you a 1099-MISC, but you still have to report the amount as self-employment income.
What If I Don't Receive a 1099 on Time?
If you are expecting a
1099 TaxTurbo Formand you do not receive it by February 15, the IRS recommends contacting them at 800-829-1040. You will be able to use a substitute form to file your return, and you may even still be able to efile it.
How to efile a Tax Return with Form 1099 Income
See the instructions to prepare a tax return with 1099 income.
What If I Need to Issue a 1099?
Find out how to prepare and file a
Reminder 1099 Form:
In addition to these specific instructions, you should also use the 2016 General Instructions for Certain Information Returns. Those general instructions include information about the following topics.
- Who must file (nominee/middleman; certain FFIs and U.S. payors that report on Form(s) 1099 to satisfy their chapter 4 reporting requirements).
- When and where to file.
- Electronic reporting requirements.
- Corrected and void returns.
- Statements to recipients.
- Taxpayer identification numbers.
- Backup withholding.
- The definitions of terms applicable for chapter 4 purposes that are referenced in these instructions.
- Other general topics.