What Is The Difference Between A 1099 A A 1099 C Understanding Personal Finances

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Posted on September 23, 2018 at 07:29 AM

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What Are 1099s - Forms for Independent Contractors & Interest
Form 1099-INT: This is to report interest income. Form 1099-G: This lists government payments like unemployment benefits and tax refunds. Form 1099-R: This documents payments from annuities, pensions, retirement plans and profit-sharing plans. Form 1099-C: Used whenever a taxpayer writes off debts exceeding $600.
IRS Forms 1099-C and 1099-A: Reporting | CUCollector
Meanwhile, many creditors still have trouble understanding the difference between a 1099-C and a 1099-A and when one, the other, or both must be filed. ... Whether filing of a 1099-C serves to extinguish a lien on real or personal property.
The Difference Between a Form 1099 and an Interest ...
Miscellaneous Income: 1099-MISC. Form 1099-MISC, Miscellaneous Income, is the form that you receive if you provided services to a company as an independent contractor or unincorporated business.

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