The 1099 Form is a tax document used in the United States to report various types of income other than wages, salaries, and tips. It is typically issued by businesses or individuals who have paid $600 or more to a non-employee, such as a freelancer or contractor, during the tax year. There are several variations of the 1099 Form, each designated for different types of income, such as interest, dividends, or rental income. Taxpayers use the information on the 1099 Form to accurately report their income when filing their annual tax returns. The form must be sent to both the recipient and the Internal Revenue Service (IRS) by January 31 of the following year. Properly reporting income helps ensure compliance with tax laws and avoids potential penalties.