Does the money earned have to be over $1000 to get one? I haven't received one and need to know if I should "hound" the company I worked for for one.
2007-02-10 14:00:07 · 3 answers · asked by Web Slinger 2 in Business & Finance ➔ Small Business
I am not incorporated, I am a sole proprietor..they said something ame like by early Feb. when I asked the other day. I was expecting by 1/31 as well. Looks like hounding it is.
2007-02-10 14:23:56 · update #1
The limit for a 1099-Misc is $600. If you are incorporated, then you do not get a 1099.
2007-02-10 14:05:13 · answer #1 · answered by Brian G 6 · 0⤊ 0⤋
1099-misc is issued to any non incorporated entity (individual, sole proprietor, partnership, LLC) that is paid more than $600 in a calendar year. Although 1099s are due to the payee by 1/31, they are not due to the government until 2/28.
2007-02-10 23:08:24 · answer #2 · answered by NJ CPA 1 · 0⤊ 0⤋
The limit is $600.00 if you did $999 worth of work for ONE company...they owe you a 1099 MISC form. They are supposed to send those out by 1/31. You should try and get one, if for no other reason than to make sure that they don't over report what they paid you...because that could cause you a problem.
2007-02-10 22:14:06 · answer #3 · answered by Bridge Tee 1 · 0⤊ 0⤋