There are 32 different version of Form 1099. Each version covers a different type of payment, from the 1099-MISC, which covers payments to independent contractors, to the 1099-INT, which covers interest income. However, the most common version is ...

Being able to claim someone as a dependent entitles you to take an exemption on your taxes. If your dependent receives Supplemental Security Income checks each month, it won’t disqualify you from claiming her exemption. An exemption is a deduction ...

An IRS Form 1099 is an informational return. In other words, it is a form that is used to provide information to the Internal Revenue Service and to you, the taxpayer. You will use the information from the 1099 to fill out your tax return, and the ...