1099 Forms

1099 Income
Forms

There are many IRS and state associated 1099 Forms in the United States. 1099 Forms are used to report different types of income, payments (other than wages, salaries, and tips) between the payer and payee. Form 1099 is also referred to as an information return type form. A taxpayer, recipient or payee will receive a 1099 form - via paper or electronically - from an issuer/payer by January 31 of following year of the tax year in which the income occurred.

  • For example, for income generated during Tax Year 2019 and subject to a 1099 Form, this Form must be submitted from the issuer/payer to the payee by January 31, 2020. Generally, the taxpayer, recipient/payee of the income, must report this income on the tax year return in which the income occurred - here Tax Year 2019. The payer of this income also files a report for a given tax year to the IRS and state that includes the amount paid and social security number of the payee.
  • The recipient or payee of a 1099 Form generally is not required to submit this form to the IRS and/or state tax agency when e-filing a tax return, unless the particular Form 1099 includes a report for Federal income tax withheld by the payer on behalf of the payee from the related income payments. However, as with all related tax documents, you as the payer or payee should always keep a copy of any tax return related forms, receipts etc.

Form 1099: Types, Due Dates

Form
Description
Issuer/Payer
$?
Due?
IRS?
1099-A
Acquisition or Abandonment of Secured Property
Independent Contractor
10,000
01/31
02/28
1099-B
Proceeds From Broker and Barter Exchange Transactions
Independent Contractor
Any Amount
02/15
02/28
1099-C
Cancelation of Debt
Creditor
$600
01/31
02/28
1099-CAP
Changes in Corporate Control and Capital Structure
Corporation
$100 million
01/31
02/28
1099-DIV
Dividends and Distributions
Payer
$10 ($600 for liquidations)
01/31
02/28
1099-G
Certain Government Payments
Payer 
$10
01/31
02/28
1099-H
Health Coverage Tax Credit (HCTC) Advance Payments
Issuer
Any amount
01/31
02/28
1099-INT
Interest Income
Payer
$10 ($600 for some business-related interest)
01/31
02/28
1099-K
Merchant Card and Third Party Network Payments
Filer
$20,000
01/31
02/28
1099-LTC
Long-Term Care and Accelerated Death Benefits
Policyholder
Any amount
01/31
02/28
1099-MISC
Miscellaneous Income
Payer
$600 for non-employee compensation
($10 for royalties and most other sources)
01/31
02/28
1099-OID
Original Issue Discount
Payer
$10
01/31
02/28
1099-PATR
Taxable Distributions Received From Cooperatives
Payer
$10
01/31
02/28
1099-Q
Payments From Qualified Education Programs
Payer/Trustee
Any amount
01/31
02/28
1099-R
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Payer
$10
01/31
02/28
1099-S
Proceeds From Real Estate Transactions
Filer
$600
01/31
02/28
1099-SA
Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
Trustee/Payer
Any amount
01/31
02/28
RRB-1099
Railroad Retirement Board Statement
Railroad Retirement Board
Any amount
01/31
02/28
SSA- 1099
Social Security Benefit Statement
Social Security Administration
Any amount
01/31
02/28

*What is the "Minimum Amount Reported"? 

This is the amount the payer (employer, organization, etc) is required to report on a 1099 in order to issue it to you. Since the IRS considers any 1099 payment as taxable income, you are required to report your 1099 payment on your tax return. For example, if you earned less than $600 as an independent contractor, the payer does not have to send you a 1099-MISC, but you still have to report the amount as self-employment income.

If you are expecting a 1099 and you do not receive it by February 15, the IRS recommends contacting them at 1-800-829-1040. You will be able to use a substitute form to file your return, and you may even still be able to efile it.

How To Prepare, efile a Tax Return with Form 1099 Income

Start a tax return on eFile.com! We will determine the correct forms to use based on your answers to a simple tax interview. Learn about the many benefits of filing your taxes with eFile.com. You may also want to see these instructions to prepare and efile a tax return with 1099 income.

If you need to issue a 1099, find out how to prepare and file a 1099 form.

Related Form 1099 Tax Topics

How to File a Tax Return If You're Self-Employed

How to Prepare a Tax Return with a 1099 Form

How to Issue a Form 1099

Kinds of Taxable Income