| Different 1099 Form's | | | | Form 1099 from the government - 1099-G |
| So do all these different people who get a 1099 | | | | When you get a tax refund or receive |
| receive the same form from the company, | | | | unemployment compensation you will get a Form |
| governmental unit or person who gave them | | | | 1099-G from the government. Whereas wages |
| money? No - each different form of income | | | | are almost always net of withholding taxes |
| mentioned in the prior paragraph has a different | | | | unemployment is generally payed out gross. This |
| 1099 from associated with it. The independent | | | | is why one who is receiving a substantial amount |
| contract worker will receive a 1099-Misc - this | | | | of unemployment pay should be careful to make |
| stands fro miscellaneous income. As opposed to | | | | sure they have paid in enough taxes. Tax refunds |
| other forms that are more specific for particular | | | | can be taxable if they where used as an itemized |
| forms of income. The individual or business that | | | | deductions in the prior year. |
| receives interest income from the bank will get a | | | | Here are some other 1099 forms and what they |
| 1099-Int from their bank. The 1099-Int from can | | | | mean: |
| also be filed by an individual who pays another | | | | 1099-A - Acquisition or abandonment of Secured |
| interest. | | | | Property |
| Form 1099 for Dividends - 1099-Div | | | | 1099-B - Proceeds from Broker and Barter |
| When a company pays out a dividend to its | | | | Exchange Transactions |
| shareholders it will file a 1099-Div at the end of | | | | 1099-C - Cancellation of Debt |
| the year. Often the broker who is holding the | | | | 1099-H - Health Insurance Advance Payments |
| stocks for the investor will remit the 1099-Div | | | | 1099-LTC - Long Term Care Benefits |
| form at the end of the year for many dividends | | | | 1099-OID - Original Issue Discount |
| received over the year incrementally and from | | | | 1099-R - Distributions from Pensions, Annuities, |
| different companies. | | | | Retirement Plans, IRAs or Insurance Contracts. |