Irs Form 1099
/ˌaɪ.ɑrˈɛs fɔrm ˌwʌnˈoʊ naɪn/
Definitions
- (n.) A tax document the Internal Revenue Service requires to report various types of income paid to non-employees, such as independent contractors, dividends, and interest.
The company issued an IRS Form 1099 to report the freelance payments made during the tax year.
Forms
- irs form 1099
Related terms
See also
Commentary
IRS Form 1099 covers various individual forms for different income types; precision in specifying the form variant (e.g., 1099-MISC) is important in legal and tax contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.