Form 1099 is an information form, submitted to the IRS, telling them that a company paid a contractor some money for services.

Often, a company will distinguish between employees and contractors by calling them W-2 or "1099".

Workers may talk of doing "1099" work, meaning working as a contractor instead of as an employee.

There are numerous different types of 1099 forms for different transactions that result in income to a person. Generally, the amounts on the 1099 forms are added to your income.