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Form 1099-Misc is a tax form that reports the year-end summary of all non-employee compensation.
Every year around this time I get questions from people who are missing a Form 1099 and arenât sure what to do. In case youâre not familiar with the lingo, IRS Form 1099 is used to document various forms of income, including things like:1  Interest earned (1099-INT).2  Dividends received (1099-DIV).very year around this time I get questions from people who are missing a Form 1099 and arenât sure what to do. In case youâre not familiar with the lingo, IRS Form 1099 is used to document various forms of income, including things like: 1  Interest earned (1099-INT). 2  Dividends received (1099-DIV).