1099 Forms

Medium Complexity

Miscellaneous Income Reporting

1099 forms report various types of income other than wages, salaries, and tips. They're used for independent contractor payments, interest, dividends, and other miscellaneous income.

January 31

Due Date

6+ Varieties

Form Types

Annual

Frequency

Required

IRS Filing

Common 1099 Form Types

Different forms for different types of income

Threshold: $600

1099-NEC

Nonemployee Compensation

For payments to independent contractors and freelancers

Common Recipients:

FreelancersContractorsConsultantsGig workers

Threshold: Varies

1099-MISC

Miscellaneous Income

For various types of miscellaneous payments

Common Recipients:

Rent paymentsPrizesAwardsLegal settlements

Threshold: $10

1099-INT

Interest Income

For interest payments from banks and financial institutions

Common Recipients:

Bank interestBond interestInvestment interest

Threshold: $10

1099-DIV

Dividend Income

For dividend payments from stocks and mutual funds

Common Recipients:

Stock dividendsMutual fund distributionsREIT dividends

Threshold: $10

1099-G

Government Payments

For payments from government sources

Common Recipients:

Unemployment compensationState tax refundsGovernment grants

Threshold: $600

1099-K

Payment Card Transactions

For payment card and third-party network transactions

Common Recipients:

Credit card salesPayPal transactionsVenmo business

Important Note

Starting in 2022, the threshold for 1099-K reporting was lowered to $600 from $20,000. This affects many small businesses and gig workers who receive payments through third-party platforms.

Track 1099 Income with Professional Documentation

Whether you're paying contractors or receiving 1099 income, maintain accurate records with our professional paystub generator and documentation tools.

Generate Paystub View All Tax Forms

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1099 Forms

Medium Complexity

Miscellaneous Income Reporting

1099 forms report various types of income other than wages, salaries, and tips. They're used for independent contractor payments, interest, dividends, and other miscellaneous income.

January 31

Due Date

6+ Varieties

Form Types

Annual

Frequency

Required

IRS Filing

Common 1099 Form Types

Different forms for different types of income

Threshold: $600

1099-NEC

Nonemployee Compensation

For payments to independent contractors and freelancers

Common Recipients:

FreelancersContractorsConsultantsGig workers

Threshold: Varies

1099-MISC

Miscellaneous Income

For various types of miscellaneous payments

Common Recipients:

Rent paymentsPrizesAwardsLegal settlements

Threshold: $10

1099-INT

Interest Income

For interest payments from banks and financial institutions

Common Recipients:

Bank interestBond interestInvestment interest

Threshold: $10

1099-DIV

Dividend Income

For dividend payments from stocks and mutual funds

Common Recipients:

Stock dividendsMutual fund distributionsREIT dividends

Threshold: $10

1099-G

Government Payments

For payments from government sources

Common Recipients:

Unemployment compensationState tax refundsGovernment grants

Threshold: $600

1099-K

Payment Card Transactions

For payment card and third-party network transactions

Common Recipients:

Credit card salesPayPal transactionsVenmo business

Important Note

Starting in 2022, the threshold for 1099-K reporting was lowered to $600 from $20,000. This affects many small businesses and gig workers who receive payments through third-party platforms.

Track 1099 Income with Professional Documentation

Whether you're paying contractors or receiving 1099 income, maintain accurate records with our professional paystub generator and documentation tools.

Generate Paystub View All Tax Forms