 Help i was called by some compAny in washington d.c? |
| they said that i was being given a grant of a couple thousand dollars because of always paying my taxes and that there was no catches to it or anything and that i would never have to pay that money ... |
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 I still haven't received my tax rebate payment. Last ss #22 and direct deposited. Has anyone else not? |
I tried the irs ph # and was on hold 20 min all 3 times. Does anyone know how I might could talk to someone to see if there's a problem. Husband had surgery and really need that money.
A... |
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 Tax Question..... About 1099-MISC..... Any Help? |
| I am self-employed and I'm trying to wonder if I have to file a 1099-MISC to the IRS because I rented from someone a salon space for my business. Do I send a 1099-MISC to the person that I ... |
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 I want to donate my car to charity. In terms of tax deduction, does it matter which one? |
| Will I get a bigger deduciton by donating to one charity instead of another or are they all the same (in terms of taxes)?... |
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 Stimulus payments.....? |
| Just curious if there is anybody out there that was expecting their stimulus payment via direct deposit on May 2 nd and didn't get it? According to my social security I should get it deposited ... |
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 How can I stop paying so much in taxes? |
Is there a company out there that can help people like me who know there must be a better way. It is so hard toy get ahead.
Please help if you know something I do not!
Thanks!... |
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 Am I entitled to a refund? |
| I bought a pair of shoes 6 months ago for £85 and the soul has come off. I still have the box they came in from the shop but no receipt. Can I get a refund or get new ones?... |
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 Im thinking of buying a computer, online, and i need to know how much it will cost with tax.? |
| OK need to know how much the computer will cost with tax. it says $498.00+tax and shipping. i know the shipping but how find the tax part. im in the state of california.... |
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| Im currently claiming benefit (uk) but ive been summoned to court over unpaid bills what will happen ? |
| Basically ive got about £10000 worth of debts with a lot of different company's like mobile phones,loans,catalogues etc they eventually caught up with me after 3/4 years just wondering where i ... |
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 Is Walmart cashing insentive checks free? |
Do you have to put the $ on their money card?
Additional Details
Tom, My bank holds the check for 3 days. If Walmart will give me the cash, I can deposit it in the bank and have it the ... |
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 Is undocumented income taxed, like tips at restaurant ? |
I know a guy who is a waiter in a restaurant. He gets around $1000 as wage, by check. But he also makes $150- $200 per week extra as
tips given by customers. As these are undocumented income ... |
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 Paying taxes sucks......how can I not pay them? |
| it was fun at first but it's getting tiring and I'd rather just spend my money on a good stripper that knows how to treat me better than the government :) (Also, dont say leave the ... |
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 What are the tax filing requirements - life events? |
| Are there special tax filing requirements for a friend of mine who over the course of last year lost her husband and moved to another state? She had been listed as a dependent on her husband's ... |
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 Can I claim 2006 charity contributions in 2007? |
| I just realized that I significantly under reported my charitable contributions in 2006. Should I ammend my 2006 return or can I simply add the amount to my 2007 charitable giving?... |
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 I have not received my stimulus check,I filled in 01/08,chose direct deposit & last 2 digits are between 01-20 |
| My girIfriend and I live in the same apartment and coincidently the last two #s of our social security are the same but we both filled single, and seperately. I filled way before her in Jan. 2008, I ... |
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 Can the IRS Keep your Stimulas Package? |
| If you owe the IRS Back Taxes for several years are they going to keep your stimulas package and apply it to your balance?... |
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AUDREY H | Info about 1099 tax form? |
What benefits could a person in real estate receive from filing a 1099 tax form? ...Is that how they file commision? How exactly does it work and what all could be claimed? ..Anything would be helpful!!!! |
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skip
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The 1099 form is sent by a business to the IRS to report money paid to independent contractors. The contractor must receive a copy by 31 January each year.
The value to the contractor is in keeping track of income. However, you must declare all income received, including any not covered by a 1099 (this would happen if you received less than $600 froma business during the year). So reliance on 1099's to prepare your tax return is not a good habit to get into. It is better to get used to keeping a record of all income as you receive it. I have found that this usually means you keep a better track of your expenses as well, which tends to mean a lower tax bill! |
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mlongmuir
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You don't file a 1099. The employer would send you a 1099-Misc for non-employee income (if your income is over $600). This would then be put on a Schedule C (subject to self employment tax), unless you have a company, then it would be put on the return for the company. The 1099 is sent to the IRS (just like a W-2 is) so the IRS has a record of it. Keep track of your expenses for this business since some of them may be deductable. You may want to see an accountant when it comes to filing your tax return if you have more questions. |
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Jazz
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Usually a 1099 is given to you by the individual that paid you.
It is more beneficial to the payer than the payee. Filing a 1099 will increase your income and your tax liability. However if you made very little money and you file for the earned income credit (must have dependents) then increasing your income will increase your refund. |
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STEVEN F
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You seem to believe the 1099 is an alternative to the 1040. It is closer to a W-2. 1099s are used to report non-wage income. Examples include 1099-int (interest), 1099-div (dividends), 1099-misc(income not covered by other 1099 type), etc. The person or organization paying the money files the 1099, not the recipient. |
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The Advocate
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A 1099 is a statement of a person's earnings, contractor, subcontractor, etc. One might accumulate 50 or more in a year,
(for example) work every week for a different home builder as a
brick mason, etc. get 50 or more 1099's (unlikely)
There is no benefit other than the required social security payment documentation, which could help in the end, provided you pay it when you pay your taxes.
What gets "claimed" if I understand you correctly, is the total of the 1099's. |
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Stacy H
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Any income received over $600.00 requires a 1099 to be given. It could be for commission or anyone who is self-employed etc. It is income and it has to be reported on your tax return. If you do not report it and the IRS catches up to you there will be penalties for not filing. |
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dodge_bee
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Better check the IRS website or ask an accountant to be safe! |
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grumm_dmons
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1099 are for people who are considered selr employed. with a 1099 you can write off any of you business expenses. |
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Akkakk the befuddled
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As I recall, a 1099 is filed to report investment income. |
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