
Understanding the 1099-MISC Form
What exactly is that 1099-MISC form you received? The IRS requires any person or business who makes certain types of payments to report them on a 1099-MISC form to you and the IRS. Basically, the 1099-MISC form reports the total amount of payments you receive from a single person or entity during the year you've provided services to them. This form covers a wide range of payments you could receive, but the more common use of the form is to report your earnings when you work a