The 1099 tax designation is called as information returns. The IRS gathers them for recording payments made to individuals. Here is how you prepare the 1099 MISC form , also known as the “independent contractor” form. This form lets the IRS know the amount of revenue you have paid individuals in a particular tax year. The IRS uses this form to ensure that the individuals you have mentioned have in-turn reported the revenue generated by them in that year. If you own a business, then you can e file for business 1099.

The foresmost step in 1099 MISC form preparation is to get the correct form out of the variety of forms out there. ... Read more »