1099

English Noun en US business taxation A form reporting one's nonemployment income from a given source for a year. en Jeanne Sahadi If you use Venmo, PayPal or other payment apps this tax rule change may affect you w:CNN Business https://www.cnn.com/2021/11/09/success/payment-app-tax-reporting-feseries/index.html 2021-11-09 It is going to be up to the taxpayer, if they receive a 1099 in any form for a nontaxable event, such as splitting rent among roommates, splitting a dinner bill, or even selling something on eBay for less than you paid for it, to explain to the IRS that the 1099 was received for a non-taxable transaction,” said Mark Luscombe, principal analyst for tax publisher Wolters Kluwer Tax & Accounting. https://web.archive.org/web/20220323040303/https://www.cnn.com/2021/11/09/success/payment-app-tax-reporting-feseries/index.html en-US 2023-10-19 Brendan I. Koerner Watch This Guy Work, and You’ll Finally Understand the TikTok Era Wired (website) Wired https://www.wired.com/story/tiktok-talent-factory-ursus-magana-creator-economy/ 1059-1028 Absolutely bewildered by the concept of taxes, he’d brought his 1099s to the nearest outpost of a national accounting chain to seek help. https://web.archive.org/web/20231223122220/https://www.wired.com/story/tiktok-talent-factory-ursus-magana-creator-economy/ Verb en US business taxation transitive To classify or pay someone as an independent contractor rather than as an employee. Further reading IRS tax forms