The 1099 series of informational forms is one way to submit this information. Business owners use #Form1099 -MISC to report payments to independent contractors. Form 1099-C reports the cancellation of debt payments. Form 1099-DIV and 1099-INT are used to report dividend and interest payments. These are considered 1099 payments, along with compensation for royalties, payments of commissions, rents and annuities, cash payments to fishermen, crop insurance proceeds, and prizes and awards.