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05.10.2019 •
Business
What can happen by making acredit card minimun payment?
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Ответ:
Ответ:
C.) They have income other than salary, wages, and tips.
Explanation:
A 1099 form is used to reports all other incomes outside the regular salary. The 1099 forms are used mostly by freelancers and independent contractors and not by employees. This form shows the amount paid to the contractor by their client.
The purpose of 1099 is to report to the tax authority (IRS)the amount an individual earned in a particular period. An employee should fill a 1099 form if they received earnings from sources other than their employer. An independent contractor or a freelancer with multiple will get 1099 forms from each of the clients.