Form 1099 helps in reporting income from interest, dividends, self-employment earnings, government payments, etc. Form 1099 corresponds to a series of documents that the IRS uses to file information returns. There are many different types of 1099 Forms that report different types of incomes that one receives throughout the year, apart from the salary that the employer pays. The person or the firm that pays you will be responsible for filling out the appropriate 1099 Form and...

Before preparing to pay the 1099 taxes, the taxpayers have to gather all the annual tax documents that they have received to record their taxable income and other expenses. For taxpayers who have itemized their deductions, it is important to collect the receipts and organize all of them by category.  It could also be useful to take the taxes of the previous year for reference. The taxpayers could also download these tax forms from the IRS Government...