IRS 1099 Form

Basically, the IRS 1099 form is a form that must be provided by clients to freelancers, if their yearly compensation exceeds a total of $600. The IRS 1099 Form can help track miscellaneous income. A single copy of this form must be submitted to the IRS office, which they will keep and use to track any miscellaneous income. There are several different variations of the IRS 1099 Form, which are used to depict interest as well as other payments too, the standard IRS 1099 MISC is used to report the payment that must be given to independent contractors.