I 099???

[phicha 0]

Anyone who knows about this I 099???

[RyaNRiza 1]

what;s it related to?

[dwiz123 0]

I think you meant 1099 for tax purposes?

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 return to 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.

Each payer must complete a 1099 for each covered transaction. Three copies are made: one for the payer, one for the payee, and one for the IRS.

Most common 1099s are (to just name a few):

1099-B: Proceeds from Broker and Barter Exchange Transactions

1099-INT: Interest Income

1099-DIV: Dividends and Distributions

1099-MISC: Miscellaneous Income

1099-G: Government Payments

1099-R: Distributions from Pensions, Annuities, Retirement Plans, IRAs, or Insurance Contracts

[phicha 0]

Thanks a lot! Now i know what it is about...godspeed!

Edited April 5, 2008 by phicha