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Miscellaneous Compensation Form
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People also ask
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What does miscellaneous mean on my paycheck?
Miscellaneous income is any income besides regular employee wages, as reported on the IRS tax form 1099-MISC. -
Why did I receive a 1099 Miscellaneous?
You'll get an IRS Form 1099-MISC if you earned any miscellaneous income during the year (excluding nonemployee compensation). Here's how it works on your taxes. Tina Orem is an editor at NerdWallet. Prior to becoming an editor, she covered small business and taxes at NerdWallet. -
What is miscellaneous money?
What Is Form 1099-MISC: Miscellaneous Income? Form 1099-MISC: Miscellaneous Income (or Miscellaneous Information, as it's now called) is an Internal Revenue Service (IRS) form used to report certain types of miscellaneous compensation, such as rents, prizes, and awards, healthcare payments, and payments to an attorney. -
What is considered miscellaneous income?
Miscellaneous income includes a broad group of accounts, including: Rent payments. Royalties. Fishing boat proceeds.
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