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What is a 10-99?

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Anonymous

14y ago
Updated: 10/17/2024

There are a large number of forms in the 1099 series. While each hs a specific purpose, they are all similar in what they do. They are used by a reporter, who is generally obligated to report some item...interest paid for example (a 1099-INT), or debt that has been cancelled (a 1099-C), or activity in a brokerage account (a 1099-B), etc. Generally what they are reporting, BOTH to you and the IRS (who gets a copy of the form you receive), is something you must report on your return...and if you don't, consider that the computer matching programs to check on something like this are fairly effective.

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Wiki User

17y ago

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