Knowledge Bae

Form name: Original Issue Discount IRC Section: 6041, 6049 Link to form: https://www.irs.gov/pub/irs-pdf/f1099oid.pdf Purpose of form: Payors must file Form 1099-OID if the total daily… Read More »Form 1099-OID

Form name: Long-Term Care and Accelerated Death Benefits IRC Section: 6050Q Link to form: https://www.irs.gov/pub/irs-pdf/f1099ltc.pdf Purpose of form: Payors of long-term care benefits must file… Read More »Form 1099-LTC

Form name: Reportable Life Insurance Sale IRC Section: 6050Y Link to form: https://www.irs.gov/pub/irs-pdf/f1099ls.pdf Purpose of form: Acquirers of a life insurance contract (also known as… Read More »1099-LS

Form name Payment Card and Third Party Network Transactions IRC Section 6050W Link to form https://www.irs.gov/pub/irs-pdf/f1099k.pdf Purpose of form A payment settlement entity (PSE) must file Form… Read More »Form 1099-K

Form name: Interest Income IRC Section: 6049 Link to form: https://www.irs.gov/pub/irs-pdf/f1099int.pdf Purpose of form Payors use Form 1099-INT to report: $10 or more in interest income,… Read More »Form 1099-INT

Form name: Health Coverage Tax Credit (HCTC) Advance Payments IRC Section: 6050T Link to form: https://www.irs.gov/pub/irs-pdf/f1099h.pdf Purpose of form: Providers of qualified health insurance coverage that… Read More »Form 1099-H

Form name Certain Government Payments IRC Section 6050B and 6050E Link to form: https://www.irs.gov/pub/irs-pdf/f1099g.pdf Purpose of form U.S. payors file Form 1099-G if, as a unit of… Read More »Form 1099-G

Form name: Dividends and Distributions IRC Section: 6042 Link to form: https://www.irs.gov/pub/irs-pdf/f1099div.pdf Purpose of form: U.S. payors file this form for each person to whom… Read More »Form 1099-DIV

Form name Changes in Corporate Control and Capital Structure IRC Section 6043 Link to form https://www.irs.gov/pub/irs-pdf/f1099cap.pdf Purpose of form U.S. payors that are corporations use this form for… Read More »Form 1099-CAP

Form name: Cancellation of Debt IRC Section 6050P Link to form: https://www.irs.gov/pub/irs-pdf/f1099c.pdf Purpose of form This form is used by applicable entities that discharge, in… Read More »Form 1099-C