Get the free Its that time of year again when Year 10 students have to consider what they

June 3, 2016Bellingen High School NEWSLETTERTelephone: Fax: Website:02 66551 315 02 66552 630 http://www.bellingenh.schools.nsw.edu.auFrom the Principal It's that time of year again when Year 10 students

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It refers to the tax reporting period for the Internal Revenue Service (IRS) known as the 'Informational Tax Statement', commonly referred to as 'Form 1099'.

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Businesses and financial institutions that have made certain payments to individuals or other entities during the tax year are required to file.

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The purpose is to report various types of income other than wages, salaries, and tips to the IRS and the recipients.

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Information such as payer's name, address, Tax Identification Number (TIN), recipient's name, address, TIN, types and amounts of payments made, and any taxes withheld.