Information return
A form that reports payments or other tax facts to a tax authority and recipient without calculating the business income-tax return.
In Solo Superstars
The information-returns workstream covers recipient identity, reportable payment totals, forms and delivery or filing evidence separately from income-tax preparation.
Example
Form 1099-NEC reports nonemployee compensation; it is prepared and filed separately from the business income-tax return.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- information reporting
Related
- Form 1099-NEC — The form you file for each US contractor you paid $600 or more by cash, check or bank transfer during the calendar year. Card payments are excluded.
- Form 1099-K — The form a payment processor files reporting card and platform payments you received. Stripe handles it for payments through the app.
- Tax workstream — A group of related tax-close requirements that advances independently, such as information returns or income tax.