Form 1099-INT
Definition
A US information return reporting interest income of a threshold amount or more paid during the year, typically issued by banks and other payers to the recipient and the IRS.
Related Terms in US Tax
Form 1099-DIV
A US information return reporting dividends and certain distributions paid to a taxpayer during the year, used by recipients to report investment income on their return.
Schedule C
The US tax schedule a sole proprietor or single-member LLC uses to report the income and expenses of a business, with the resulting profit or loss flowing to the owner's individual return.
Schedule SE
The US schedule used to calculate self-employment tax — the Social Security and Medicare contributions owed by self-employed people on their net earnings.
Self-Employment Tax
The US Social Security and Medicare tax paid by self-employed individuals on net self-employment earnings, covering both the employee and employer shares that an employer would otherwise split.
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