IRS Tax Forms

Form 1099 series is used to report various types of income other than wages, salaries, and tips. Examples of reportable transactions are amounts paid to a non-corporate independent contractor for services (in IRS terminology, such payments are nonemployee compensation). The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099 economy" to refer to the independent contractors themselves.

1099-MISC: Miscellaneous Income (issued by employer; includes all wages from Chespak APC. Northwestern Mutual also issues a 1099)
1098: Mortgage Interest Statement (this interest is usually tax-deductible as an itemized deduction)
1099-INT: Interest Income (issued by bank or other financial institution; includes MoneyMarket account interest payments)
W-2: Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.