Ready to download the 1099 Form (link below)? This form is utilized in order to report income, proceeds, and so-on, onn a calendar year (January 1 through December 31) basis, regardless of the fiscal year used by the payer or payee for other Federal tax purposes.
Keep in mind that the returns must be filed with the IRS by the end of Feb. for the previous year. Copies must also be sent to payees by the end of Jan.
Also no filing is needed is the payee has received less than $600.00 during the applicable year.
Each taxpayer is legally responsible for truthfully reporting their income amount.
There may sometimes be reasons why a 1099 form will include amounts that are not actually taxable, one such example would be the Form 1099-S for reporting proceeds (not gain) from real estate transactions.
To download the 1099 Form you can simply click on this link: 1099 FORM DOWNLOAD LINK