This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020. This replaces form 1099-MISC Box 7 for reporting non-employee compensation.
The Payment Settlement Entities (PSE) file a form 1099-R for payments made in settlement for a reportable payment transaction. These include payments made through credit cards, debit cards, gift cards,
Form 1099-PATR – This form is used to report taxable distributions received from cooperatives. Cooperatives use this form to report how much they paid each person in patronage dividends. When
Form 1099-K – This form is used to report merchant cards and third-party network payments. Payment Settlement Entities (PSE) use this form to report payments made in settlement of reportable
Form 1099-G – This form is used to report certain government payments. Federal, state, and local governments use this form to report unemployment compensation, income tax refunds, and more. When
Form 1099-DIV is filed by banks and financial institutions to report dividends and other distributions to taxpayers. Who Should File 1099-DIV? File a 1099-DIV to people who: Pay dividends (capital