What is a 1099 s?

Answer 1

1099 series ==== ==== Form 1099 is a form promulgated by the Internal Revenue Service (IRS) and is used in the United States income tax system to prepare and file an information returnto report various types of income other than wages, salaries, and tips (for which Social Security Administration Form W-2 is used instead). The term information return is used in contrast to the term tax return although the latter term is sometimes used colloquially to describe both kinds of returns. Variants for Form 1099 As of 2007, several versions of Form 1099 are used, depending on the nature of the income transaction: * 1099-A: acquisition or Abandonment of Secured Property * 1099-B: Proceeds from Broker and Barter Exchange Transactions * 1099-C: Cancellation of Debt * 1099-CAP: Changes in Corporate Control and Capital Structure * 1099-DIV: Dividends and Distributions * 1099-G: Government Payments * 1099-H: Health Insurance Advance Payments * 1099-INT: Interest Income * 1099-LTC: Long Term Care Benefits * 1099-MISC: Miscellaneous Income * 1099-OID: Original Issue Discount * 1099-PATR: Taxable Distributions Received From Cooperatives * 1099-Q: Payment from Qualified Education Programs * 1099-R: Distributions from Pensions, Annuities, Retirement Plans, IRAs, or Insurance Contracts * 1099-S: Proceeds from real estate Transactions * 1099-SA: Distributions From an HSA, Archer MSA, or Medicare Advantage MSA * 1042-S: Foreign Person's U.S. Source Income * SSA-1099: Social Security Benefit Statement * SSA-1042S: Social Security Benefit Statement to Nonresident Aliens * RRB-1099: Payments by the Railroad Retirement Board * RRB-1099R: Pension and Annuity Income by the Railroad Retirement Board * RRB-1042S: Payments by the Railroad Retirement Board to Nonresident Aliens * W-2G: Certain Gambling Winnings