Question

Form 1099 is used to: Multiple Choice Report the amount paid to a vendor in compliance with IRS regulations Report the amount received from customers in compliance with IRS regulations Report the amount paid to employees in compliance with IRS regulations None of the choices are correct

Answer 1

Report the amount paid to a vendor in compliance with IRS regulations

Step-by-step explanation:

The form 1099 is an irs tax form. This form Is use In The United States of America to file reports on incomes that are not from salary or wages.

This form gives a report of interests and dividends and other income.

It is compulsory that this form is issued to any vendor that a person has paid at least 600 dollars in services or rents.