Form 1099 is one of several IRS tax forms used in the United States to prepare and file an information return to report various types of income other than wages, salaries, and tips. The term information return is used in contrast to the term tax return although the latter term is sometimes used colloquially to describe both kinds of returns.
The form is used to report payments to independent contractors, rental property income, income from interest and dividends, sales proceeds, and other miscellaneous income. Blank 1099 forms and the related instructions can be downloaded from the IRS website.
The Form 1099 (USA) App from Akaunting will help tracking payments you've done and to fullfill the threshold of each Category Boxes.
Allow to track your vendors, create a general or individual report for each Vendor, and report them only when they've reach the Threshold.
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