Meyers Wealth Management

We've all gotten 1099s.  IRS Form 1099 is any of a variety of reporting forms used when one entity pays another entity under certain circumstances.  A copy goes from the payer to the payee, and the payer also sends a copy to the IRS.

Some 1099s you've probably received:  if you have an interest-bearing savings or checking account at a bank and you've earned more than $10 in interest in a year, you got a 1099-INT from the bank.  This is partly why the bank requires your social security number to…