2007-02-06 07:21:45 · 6 answers · asked by zuby2099 1 in Business & Finance ➔ Taxes ➔ United States
You don't file the 1099, the party that paid you already reported that income to the IRS. You need to file a Form 1040 with a Schedule C if you have any expenses to apply against it (tools, protective clothing, office, etc.) and a Schedule SE to pay your FICA.
2007-02-06 07:25:57 · answer #1 · answered by Scott K 7 · 1⤊ 0⤋
Nope; it's only the law and you can always choose to break it, pay interest and penalty, and have your returns audited for the next 20 years because you can bet HE'S going to file his copy.
Not a tough call here.
2007-02-06 07:24:54 · answer #2 · answered by wizjp 7 · 0⤊ 0⤋
Yes, you must claim the income on your return. If it's your only income you still must file since you had more than $400.00 in Self Employment income.
2007-02-06 07:26:03 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Yes. You should file everything and consider what can be counted against that amount - mileage, software, supplies, etc. Good luck.
2007-02-06 07:55:23 · answer #4 · answered by Bender 1 · 0⤊ 0⤋
If you got a 1099, YES! If you don't the IRS will come calling.
Don't listen to "tonalc1" since they are giving you wrong info
2007-02-06 07:40:24 · answer #5 · answered by Dizney 5 · 1⤊ 0⤋
No, since it's under $600. However, if you do, you'd be able to deduct costs associated with the job (as an independent contractor) and might wind up ahead in the deal.
2007-02-06 07:24:27 · answer #6 · answered by Anonymous · 1⤊ 5⤋