2007-02-16 06:36:56 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you received a 1099, it was because you are not an employee of that company and could be considered self-employed. Per the IRS, if you are self-employed and earned more than $400.00, you should file.
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2007-02-16 08:48:14 · answer #1 · answered by Mistress Jen 2 · 0⤊ 0⤋
No, if you received a 1099 then the IRS also received that same information. Speaking from experience, I forgot that I did some consultation work and file my taxes before this information came and behold, now I owe them. Go ahead and file your taxes regardless of whether you received anything or not.
2007-02-16 06:56:42 · answer #2 · answered by ladyt 2 · 0⤊ 0⤋
No. When companies send out 1099, they send a copy of that to the IRS along with 1096 (which summarizes all the 1099's they sent out). The IRS would have a copy of your 1099 waiting for your tax return to match up.
2007-02-16 06:40:50 · answer #3 · answered by HW 4 · 2⤊ 2⤋
It depends on what the 1099 was for. If it was for work, for self-employed income or work as an independent contractor, then you must file if it was over $400. If it was, for example, for interest, or for almost anything other than work that you did, then the limit would be much higher.
2007-02-16 09:36:42 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
just file the return. we know you received a 1099 for $10,000. the IRS has a record of this. you need to file it b/c you will owe self-employment tax on this income.
2007-02-16 11:07:00 · answer #5 · answered by tma 6 · 0⤊ 1⤋
copy of your 1099 is sent to the IRS.
How much money are we talking about?
2007-02-16 06:41:34 · answer #6 · answered by lm050254 5 · 1⤊ 0⤋
Only if it is under $600.00
2007-02-16 06:41:02 · answer #7 · answered by whymewhynow 5 · 2⤊ 4⤋