I have never ever in my life gotten one, it was a new policy that we had for almost a year here at work..I paid INTO the policy like you do with all of them, and never ever got a dime back from them
WHY WOULD I GET A 1099!!!!! And why wasnt I told?!
I asked my employer if it was a mistake, and he said nope, you have to claim that as income!! its a $600.00 thing!!!
IS THIS WRONG?!?!?! I have never heard ofgetting a 1099 from my health insurance!!!!
2007-02-06 07:06:03 · 4 answers · asked by MZ02 3 in Business & Finance ➔ Taxes ➔ United States
its a 1099-MISC no. 1545-0115 and nothing is checked on it!
2007-02-06 07:14:05 · update #1
no it is just health insurance. 100% positivley JUST health insurance
2007-02-06 07:14:38 · update #2
What's the exact 1099 form number? And what boxes are checked on it?
I've never heard of that with health insurance but I've only been messing with taxes for 38 years so I don't know everything.
2007-02-06 07:11:30 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
The only thing that comes to mind that could possibly have generated this is that perhaps your employer paid for a portion of your health insurance premiums (you only had to paid a portion). If the policy of your employer paying for a portion of the premiums is not applied across the board to all employees (only certain employees get an employer contribution towards health insurance), then the amount the employer paid on your behalf would be considered compensation to you.
2007-02-06 15:19:36 · answer #2 · answered by jseah114 6 · 2⤊ 0⤋
Are you sure it was health insurance and not life insurance? If an employer pays more than a certain amount for life insurance for you, the excess can be taxable income.
2007-02-06 15:13:16 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Only in America....yes it's WRONG
(The 600.00 thing is to tax the poor poorer and let the rich waller in their money).
2007-02-06 15:16:07 · answer #4 · answered by Dreamcatcher 4 · 0⤊ 2⤋