|1099 form 2021 for subcontractor||1.49||0.1||2206||97|
A 1099 form is a tax document filed by an organization or individual that paid you during the tax year. "Employees get W-2s. This is the equivalent of a W-2 for a person that's not an employee," says Debbie Oster, certified public accountant and director of tax compliance at Margolin, Winer & Evens in Garden City, New York.Who must receive Form 1099-MISC?
A 1099-MISC form must be given to anyone to whom $600 or more has been paid during the year. Contract workers and non-employees need this information to report income on their personal or business federal and state income tax returns. The form is also filed with the IRS for verification purposes.