White Paper

Form 1099 Quick Guide

 
The purpose of the 1099 is informational reporting to the IRS. So who has to file informational returns? Any “person” who has reportable transactions during the calendar year, must file
informational returns. So who do we define as a person?

In this white paper you will learn about:
• So who has to file informational returns?
• Most common types of informational returns for the 1099-series
• Where and when to file
• Filing Thresholds