Select the correct answer from each drop-down menu.Complete the following paragraph about a 1099 form._fills out a 1099 form. This form is filed with theA corporationAn employeeA freelancer 

A freelancer fills out a 1099 form. This form is filed with the IRS. The 1099 form is an essential document for independent contractors and freelancers to report their non-employee compensation. When a business pays a freelancer over $600 in a tax year, it’s required to issue a 1099 to both the freelancer and the IRS, making sure everyone is on the same page with taxes! Getting the details right can be a challenge, but it’s crucial. Remember to double-check names, addresses, and amounts—mistakes can lead to hefty penalties or delays with your tax filings. Plus, don’t forget to retain a copy for your own records; you never know when you'll need it!