The IRS Form 1099- CAP pertains to the changes in the capital structure and the corporate control of organizations and it is generally used to report the substantial changes in the capital structure of organizations. Corporations and large organizations will use this IRS Form for their shareholders who receive stock, cash, and other properties, and are responsible for creating a significant change in the capital structure of the corporation. If the shareholder enjoys a gain from the...

Form 1099-INT from the Internal Revenue Service pertains to interest income, if you receive income in any way, then it is considered taxable and you will get Form 1099- INT to report this income with the IRS. What is the 1099- INT Tax Form? The tax Form 1099-INT is a record that states that a person or an entity (bank, finance houses, or an individual) paid interest during the tax year. If you have earned more than...

Form 1099-G will be sent to the taxpayers who have received certain types of payments from the state, federal, and local governments. These payments are entered on the tax return of the individual and are considered to be taxable income.  About Form 1099-G The taxpayers receive a 1099G Form if they received unemployment compensation, refunds, and other payments from the government. These government grants are considered as income and are expected to be reported in the Income...

Form 1099-B is a federal tax Form that records the proceeds from broker and barter exchange. This tax Form is been used by barter exchanges and brokerages to record the gains and losses of the customers during the tax year. The individual taxpayers will receive this Form from their brokers.  Information from Form 1099-B will be transferred to Form 8949 by the taxpayers to calculate their preliminary losses and gains. The results will then be entered in...

Form 1099-C is the IRS tax form for cancellation of Debt and levies taxes on debts that are not required to be paid, considering them as income. If you borrow money, you are obliged legally to repay it at a fixed amount at a future date. You might either be personally liable for the debtor might own a property that is subject to a debt. In case your debt is forgiven or discharged at an amount less...

There are many different 1099 Forms that are used for information return for the IRS. These Forms report different incomes that one receives during the year. Form 1099-A is used to report information pertaining to the acquisition or the abandonment of secured property and is also used to report foreclosure on a property.  Abandonment happens when the borrower permanently or intentionally abandons the property. Who will receive Form 1099-A? Taxpayers will receive this Form if the mortgage...