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Form 1099-NEC
Form 1099-NEC is a U.S. Internal Revenue (IRS) form that reports compensation
paid during the year to an individual who is not an employee. When a business
uses a contractor, consultant, free-lancer, etc., it is required to file a
1099-NEC if the total amount of compensation paid to that individual that year
is more than $600.
Form 1099-MISC
Form 1099-MISC is a U.S. Internal Revenue (IRS) form that reports compensation
paid during the year to an individual who is not an employee. When a business
uses a contractor, consultant, free-lancer, etc., it is required to file a
1099-MISC if the total amount of compensation paid to that individual that year
is more than $600.
Form 1099-DIV
Form 1099-DIV is an U.S. Internal Revenue (IRS) form that is used to report
Dividends and Distributions paid to a person:
- To whom you have paid dividends (including capital gain dividends) and other
distributions on stock of $10 or more,
- For whom you have withheld and paid any
foreign tax on dividends and other distributions on stock,
- For whom you have
withheld any federal income tax on dividends under the backup withholding rules,
or
- To whom you have paid $600 or more as part of liquidation.
Form 1099-INT
Form 1099-INT is a U.S. Internal Revenue (IRS) form that reports interest paid
during the year to an individual whom you have paid $600 in interest.
Form 1099-INT also is used to report specified private activity bond interest and federal income tax withheld (backup withholding), if applicable.
Form 1099-B - Proceeds From Broker and Barter Exchange Transactions
Form 1099-B is a U.S. Internal Revenue (IRS) form that is used to report
proceeds From Broker and Barter Exchange Transactions for each person for whom
the broker has sold stocks, bonds, commodities, regulated futures contracts,
foreign currency contracts, forward contracts, debt instruments, etc.
Form 1099-C - Cancellation of Debt
Form 1099-C is a U.S. Internal Revenue (IRS) form that is needs to be filed for
each debtor for whom a debt owed is $600 or more if the debtor is an individual,
corporation, partnership, trust, estate, association, or company. Form 1099-C
must be filed regardless of whether the debtor is required to report the debt as
income.
Form 1099-R - Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Form 1099-R is a U.S. Internal Revenue (IRS) form that is used to report
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans,
IRAs, Insurance Contracts, etc., for each person to whom you have made a
designated distribution or are treated as having made a distribution of $10 or
more from profit-sharing or retirement plans, any individual retirement
arrangements (IRAs), annuities, pensions, insurance contracts, survivor income
benefit plans, permanent and total disability payments under life insurance
contracts, charitable gift annuities, etc.
Form 1099-S - Proceeds From Real Estate Transactions
Form 1099-S is a U.S. Internal Revenue (IRS) form that reports sale or exchange
transaction for money, indebtedness, property, or services of any present or
future ownership interest in any improved or unimproved land, permanent
structures, residential, commercial, industrial building, stock in a cooperative
housing corporation or non-contingent interest in standing timber.
Form 1098 - Mortgage Interest Statement
Form 1098 is a U.S. Internal Revenue (IRS) form that is used to report mortgage interest of $600 or more received during the year in the course of trade or business from an individual, including a sole proprietor. The $600 threshold applies separately to each mortgage.
Form 1098-T - Tuition Statement
Form 1098-T is a U.S. Internal Revenue (IRS) form that is used for each student
enrolled and for whom a reportable transaction is made. Insurers must file Form
1098-T for each individual to whom reimbursements or refunds of qualified
tuition and related expenses is made.
Form 1098-MA - Mortgage Assistance Payments
Form 1098-MA is used to provide information to the IRS and to homeowners regarding mortgage payments made by the homeowners and mortgage assistance payments made with funds allocated from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest Hit Fund) or the Emergency Homeowners' Loan Program.
Form W-2 - Wage and Tax Statement
Form W-2 is a U.S. Internal Revenue (IRS) form that is used for each employee
you have paid remuneration, including noncash payments of $600 or more for the
year (all amounts if any income, social security, or Medicare tax was withheld)
for services performed.
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