Keyword Analysis & Research: 1099

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What is a 1099 and who gets one?

Who gets one: The 1099-MISC is issued for payments generally exceeding $600 to individuals and non-corporate entities that are made in the course of your trade or business. Here are some common examples: Payments in excess of $600 made for rent, unless they are made to a real estate agent, are reportable in box 1.

What is the difference between 1099 and W9?

The difference between W9 and 1099 is that W9 is a form filed by third party companies such as independent contractors who provide services to companies while 1099 is a form used to provide information to the Internal Revenue Service (IRS) regarding specific types of income from non-employment related sources.

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