The Sutton Museum is the home of the Sutton Historical Society and is dedicated to the collection and preservation of historic artifacts and information about the Sutton, Nebraska community.
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Wednesday, January 31, 2018
The Invention of the IRS Form 1099
Lincoln had implemented a federal income tax in 1861 to pay for the Civil War and an income tax was collected during the 1890's.
The 16th Amendment was passed in 1913 to clear constitutional issues with such a tax and the first 1040's came soon after.
The features of the income tax that we know today were quickly part of the system. This early 1918 article warns people receiving money from others that their payers would be telling the federal government about that money. The IRS Form 1099 was the culprit.
This is the first time I am hearing about 1099 Misc Form History
ReplyDeletegrate informationion on form 1099. Get services of 1099 R
ReplyDelete