Form 1099 MISC is issued by IRS - Internal Service Revenue United States. 1099 Form is used for the purposes of filling (by the employer) the payments made during the year. The name of the 1099 Form is changed from miscellaneous income to miscellaneous information. And this can be used in terms of the following:
1099 Form is also used for reporting that a business has sold at least $5,000 of consumer products to a reseller anywhere, but except to a routine retailer establishment.
For further and time to time updated information, please visit the official IRS website