Small Business Dictionary

1099 Status

1099 Status is tax terminology for an independent contractor or freelance worker who receives a 1099 form for reporting income other than wages, salaries, and tips, rather than employees who receive W2 forms. 1099 Status includes the following: 1099-A, 1099-B, 1099-C, 1099-CAP, 1099-DIV, 1099-G, 1099-H, 1099-INT, 1099-LTC, 1099-MISC, 1099-OID, 1099-PATR, 1099-Q, 1099-R, 1099-S, and 1099-SA.