TaxBandits Knowledge Base

What is Form 1099-MISC?

Form 1099-MISC is an IRS tax form used by businesses and other organizations to report miscellaneous payments made to other self-employed people (individuals or non-corporate entities) for services rendered.

The types of payments that may be reported on a Form 1099-MISC include 

• Rent payments
• Royalties
• Medical and health care payments
• Prizes and awards
• Payments to attorneys
• Other types of miscellaneous income

To learn more about IRS Form 1099-MISC, click here.