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What is a misc 1099?

Updated: 9/15/2023
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15y ago

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The 1099 series of forms report income or transaction information to the IRS and the copy to you identifies what has been reported. Some of the series have specific uses...like reporting disbursements from brokerage accounts or interest income. The MISC is a catch all and is used for many purposes.

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Related questions

Where do you send the 1099 misc copy for state of Maine?

where do you send 1099 misc copy to state of maine


Where can I find the 1099 MISC. form?

You can access the IRS website online, where you can find the 1099 MISC. form online. You can also find a copy of the 1099 MISC. form on any official financial website.


What if you did not get a 1099-misc?

then you're screwed


Where do you send the New Jersey 1099 misc copy 1?

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When will I receive my 1099-MISC?

You do not receive a 1099-MISC. It is a tax form that you must fill out and return to list all miscelleaneous income.


Do you have to pay taxes on 1099 misc?

yes


Where do you send the 1099 misc copy 1 for state of Pennsylvania?

Pennsylvania only requires that a 1099-R be filed with the State. Just keep your 1099-Misc. state copies with your payer copies.


What states require 1099 misc copy 1?

does texas require 1099 copies


Can I obtain a 1099 misc form for 2007?

Yes, you can get a 2007 1099-MISC form from the IRS. Go to their website at http://www.irs.gov/formspubs/index.html, click on 'Previous years' and then select the year you want. 1099-MISC is one of the many tax forms available there.


What is a 1099-misc and what is it used for?

1099-misc is a type of tax form. If you do work for a company (as a contractor or non employee) and you earn $600 or more in a year, the company must report the income to the IRS and issue you a 1099-misc. It is also used a tax form for royalties.


Why did I receive a 1099-MISC?

You usually recieve a 1099-MISC if you are an independent contractor. If you did a side project for a check, then the company does not take out the taxes, but you have to pay the tax on the project.


Do you have to send a 1099 misc for health insurance payments?

First if th business is a Corporation, which virtually all insurance cos are...you do not need to send a 1099-Misc