I was supposed to get the 1099misc. from the company I worked for by Feb. 28th, for the amount of money I made from the job. Any ideas of what should I do.
2007-04-04 06:38:06 · 5 answers · asked by easy does it 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
Hello, jojo! You can call the IRS at 800-829-1040, but it is probably a bit late to request help in retrieving your 1099. If you are unable to obtain the 1099-MISC in time to file your 2006 return (due 4/17), then just go back through your financial records and make sure your Schedule C includes the total income that you received from this company.
The critical thing on Schedule C is that you do not underreport your income; you'll be safe as long as you report total income that is equal to or greater than whatever is reported on all of the 1099-MISC forms that you receive (1099-MISC isn't even required to be attached to your return). I guarantee the IRS won't come asking why you are reporting more income if you report a bit more than the 1099s. ;-)
2007-04-04 07:01:07 · answer #1 · answered by Anonymous · 2⤊ 1⤋
The IRS does not care in case you acquire the 1099-Misc or no longer. you're required by ability of regulation to maintain you very own records and know what the completed is. You report and record it on the 1040. you do no longer prefer the 1099-Misc to report, yet might wish the variety completely to on the instant teach you had the income. The payer needs to subject the 1099-Misc--in an audit, the IRS can disallow the deduction for the contract exertions and lead them to pay the income tax on the quantity. by ability of how, employers subject w-2s, no longer 1099-misc varieties. Get the terminology marvelous.
2016-11-26 02:00:39 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Attempt to contact the employer. If you know exactly how much you received from the company, then you don't need it. 1099-misc, in your case, go on a Schedule C (self employed) so you don't technically need it. If you don't know the amount, try contacting the IRS and let them know what is going on. If you have an address, phone, and contact number, sometimes they will contact the person and ask where the 1099 is.
2007-04-04 06:54:46 · answer #3 · answered by Fool in the Rain 6 · 1⤊ 0⤋
You are responsible for keeping track of how much money you made, whether you get a 1099-misc or not. See if you can reconstruct the income from such items as bank records. Or ask the people you did the work for - they might be able to provide records of how much they paid you.
2007-04-04 07:25:32 · answer #4 · answered by Judy 7 · 3⤊ 1⤋
Prepare your return using your financial records. Your income should match what would be on the 1099 anyway so this isn't that big of an issue.
But do contact them about the missing 1099. You will want to cross-check your records against the 1099.
2007-04-04 07:02:49 · answer #5 · answered by Bostonian In MO 7 · 2⤊ 1⤋