What is a 1099 form? 8 Types Business Owners Should Know

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What is a 1099 form? 8 Types Business Owners Should Know

By Guy Ben-Simhon, Aug 25, 2016 2:30:00 PM

If you or your business made or received a payment during the calendar year as a small business entity or self-employed individual, you are required to file an information return to the IRS. A 1099 form is what you’ll use to communicate that income information to tax authorities and submit to your contractors so they can do the same. While you may be most familiar with Form 1099-MISC, there are actually other types of 1099s and each one has a different purpose.

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