Taxation in the US: Internal Revenue Service (IRS) tax forms (Part Three)

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Variants for Form 1099.

As of 2020, several versions of Form 1099 are used, depending on the nature of the income transaction:

1099-A: Acquisition or Abandonment of Secured Property.

1099-B: Proceeds from Broker and Barter Exchange Transactions.

1099-C: Cancellation of Debt.

1099-CAP: Changes in Corporate Control and Capital Structure.

1099-DIV: Dividends and Distributions.

1099-G: Government Payments.

1099-H: Health Insurance Advance Payments.

1099-INT: Interest Income.

1099-K: Merchant Card and Third Party Network Payments.

1099-LTC: Long-Term Care Benefits.

1099-MISC: Miscellaneous Income.

1099-NEC: Nonemployee Compensation.

1099-OID: Original Issue Discount.

1099-PATR: Taxable Distributions Received From Cooperatives.

1099-Q: Payment from Qualified Education Programs.

1099-R: Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etcetera.

1099-S: Proceeds from Real Estate Transactions.

1099-SA: Distributions From an HSA, Archer MSA, or Medicare Advantage MSA.

1042-S: Foreign Person's U.S. Source Income.

SSA-1099: Social Security Benefit Statement.

SSA-1042S: Social Security Benefit Statement to Nonresident Aliens.

RRB-1099: Payments by the Railroad Retirement Board.

RRB-1099 R: Pension and Annuity Income by the Railroad Retirement Board.

RRB-1042S: Payments by the Railroad Retirement Board to Nonresident Aliens.

5498 Series.

Form 5498: IRA Contribution Information.

Form 5498-ESA: Coverdell ESA Contribution Information.

Form 5498-SA: HSA, Archer MSA, or Medicare Advantage MSA Information.

2022-04-01 11 min

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