ETAX1099BLOG

What is IRS Form 1099-MISC and How to File it?

The IRS requires certain forms to be filled out and submitted who makes certain kinds of payments.  The IRS 1099- MISC can be used to cover payments you receive from rental property, royalties, prizes, awards, and substitute payments instead of dividends. The most common use of this form is to report the earnings if you work as an independent contractor, such as a freelance writer. You only have to submit a form 1099-MISC if you made over $600...