A 1099-MISC is a US tax form that reports non-employee income and compensation (or "miscellaneous income") to the IRS. This form is also used to report income made off of rental properties by rental owners.
The IRS can tell you much more about the 1099-MISC here: http://www.irs.gov/instructions/i1099msc/ar02.html
Everything you need to know about 1099s and Buildium:
- Process 1099-MISC forms
- 1099-MISC calculations
- Excluding a rental owner or vendor from 1099s
- Correct a 1099-MISC form that has already been e-filed with the IRS
- Reprint a 1099-MISC form
- W-2s, 1099-MISC tax filings and reimbursements
- 1099 payer
- 1099 recipient
If you need additional help completing these tax forms, please contact your tax advisor.