Form 1099 is an information return. A taxpayer needs to report the information from 1099 on their tax return. The form 1099 is linked to the Social Security Number so that the IRS can prepare the tax bill easily when the report is unavailable. When the taxpayer fails to report the Form 1099, then the taxpayer needs to face the tax audit. There are various 1099 forms and their requirements for reporting is different. Check the below...
IRS 1099 form critical due dates in 2018 tax year
December 29, 2017