{"id":3801,"date":"2026-02-15T00:37:33","date_gmt":"2026-02-15T06:37:33","guid":{"rendered":"https:\/\/www.zoomshift.com\/blog\/?p=3801"},"modified":"2026-03-27T09:56:52","modified_gmt":"2026-03-27T14:56:52","slug":"form-1099","status":"publish","type":"post","link":"https:\/\/www.zoomshift.com\/blog\/form-1099\/","title":{"rendered":"Form 1099"},"content":{"rendered":"

<\/span>What is a 1099 form?<\/span><\/h2>\n

A 1099 is a United States tax form that records money sent between two entities that do not have an employer-employee relationship. In less technical terms, a 1099 form keeps track of income you received from a company or person who is not your employer. For companies, it keeps track of money sent to non-employees.<\/p>\n

<\/span>Who gets a 1099 form?<\/span><\/h2>\n

Anyone who receives more than $600 in non-employee compensation gets a 1099 form. So, if you pay a contractor $500, you do not need to send them one. However, if you pay them $1,000, you need to send one.<\/p>\n

If you pay under $600, you\u2019re still allowed to provide a 1099, but you don\u2019t need to.<\/p>\n

That said, 1099s aren\u2019t only used to report non-employee compensation \u2014 that\u2019s only one type of 1099. For example, you may also receive a 1099 from your stock broker if you made money on your investments. Many other people will need to submit 1099s for various purposes, but you usually won\u2019t receive<\/em> one unless you have been paid over $600 in non-employee income.<\/p>\n

<\/span>What is a 1099 used for?<\/span><\/h2>\n

A 1099 is used for tax purposes. When businesses and individuals file their tax returns, they use 1099 forms to report their non-employee compensation.<\/p>\n

However, 1099s can also be used for several other purposes, including reporting canceled debt, debt settlements, miscellaneous income, and more.<\/p>\n

<\/span>Types of 1099 forms<\/span><\/h2>\n

There are several common types of 1099 forms:<\/p>\n

    \n
  • 1099-A<\/strong> is used to report canceled debt, such as a canceled mortgage or a real estate short sale, which the IRS treats as income.<\/strong><\/li>\n<\/ul>\n
      \n
    • 1099-B <\/strong>is used to report income from the sale of financial securities and bartering.<\/li>\n<\/ul>\n
        \n
      • 1099-C <\/strong>is used to report debt settlements, which are considered taxable events.<\/li>\n<\/ul>\n
          \n
        • 1099-INT <\/strong>is used to report income from interest.<\/li>\n<\/ul>\n

          1099-MISC <\/strong>is used to report miscellaneous income.<\/p>\n","protected":false},"excerpt":{"rendered":"

          What is a 1099 form? A 1099 is a United States tax form that records money sent between two entities that do not have an employer-employee relationship. In less technical terms, a 1099 form keeps track of income you received from a company or person who is not your employer. For companies, it keeps track […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false},"categories":[11],"tags":[],"yoast_head":"\nDemystifying Form 1099<\/title>\n<meta name=\"description\" content=\"The purpose and significance of Form 1099, a United States tax form used to record money transactions between entities without an employer-employee relationship.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zoomshift.com\/blog\/form-1099\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Demystifying Form 1099\" \/>\n<meta property=\"og:description\" content=\"The purpose and significance of Form 1099, a United States tax form used to record money transactions between entities without an employer-employee relationship.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoomshift.com\/blog\/form-1099\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoomshift\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-15T06:37:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-27T14:56:52+00:00\" \/>\n<meta name=\"author\" content=\"ZoomShift\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ZoomShift\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoomshift.com\/blog\/form-1099\/\",\"url\":\"https:\/\/www.zoomshift.com\/blog\/form-1099\/\",\"name\":\"Demystifying Form 1099\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoomshift.com\/blog\/#website\"},\"datePublished\":\"2026-02-15T06:37:33+00:00\",\"dateModified\":\"2026-03-27T14:56:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.zoomshift.com\/blog\/#\/schema\/person\/9ba35c556ffdf9d8dab06992b17a4b0d\"},\"description\":\"The purpose and significance of Form 1099, a United States tax form used to record money transactions between entities without an employer-employee relationship.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.zoomshift.com\/blog\/form-1099\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.zoomshift.com\/blog\/form-1099\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.zoomshift.com\/blog\/form-1099\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.zoomshift.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Form 1099\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.zoomshift.com\/blog\/#website\",\"url\":\"https:\/\/www.zoomshift.com\/blog\/\",\"name\":\"Zoomshift\",\"description\":\"SMB Management Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.zoomshift.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.zoomshift.com\/blog\/#\/schema\/person\/9ba35c556ffdf9d8dab06992b17a4b0d\",\"name\":\"ZoomShift\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.zoomshift.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/05af010fb3485fa8095793cfff89a5e6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/05af010fb3485fa8095793cfff89a5e6?s=96&d=mm&r=g\",\"caption\":\"ZoomShift\"},\"description\":\"The leading scheduling software designed for hourly employees. 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