08/26/2026
If you received a Form 1099, you may be wondering what it means and what you need to do with it. Hereโs a quick breakdown:
WHEN?
1099 forms are generally issued after the end of the tax year to report certain payments or income you received during that year. Different types of 1099s have different filing and delivery deadlines.
WHY?
Businesses, financial institutions, and other payers use 1099 forms to report certain types of income to you and the IRS. Depending on the form, this could include nonemployee compensation, interest, dividends, rents, and other reportable payments.
HOW?
Review your 1099 carefully to make sure your name, taxpayer information, and reported amounts are accurate. Keep the form with your tax records and use the information when preparing your tax return. If something appears incorrect, contact the issuer promptly.
Not sure how a 1099 applies to your situation? We can help you understand your reporting requirements and prepare for tax season.
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