Form 1099
TaxGlossary term
Definition
A family of IRS tax forms used to report various types of income other than wages, salaries, and tips. Common versions include 1099-INT for interest, 1099-DIV for dividends, and 1099-NEC for freelance income.
Related terms
- W-2 FormA tax form employers send to employees and the IRS reporting annual wages and tax withholdings. Required to file income taxes and verify employment income.
- Gross IncomeTotal income earned before taxes and deductions. For individuals, it includes wages, tips, investment income, and other earnings.
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