A 1099 form is a type of 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 someone else, such as freelancers or contractors, $600 or more in a year. There are several variations of the 1099 form, each designated for different types of income, such as 1099-MISC for miscellaneous income and 1099-INT for interest income. Recipients of a 1099 form must report the income on their tax returns, as it is considered taxable. The form helps the Internal Revenue Service (IRS) track income that may not be reported through traditional employment channels. It is important for both the payer and the recipient to keep accurate records of these transactions to ensure compliance with tax regulations.