can you defer it to the next year?
have one transaction a few days before 2007 and need to know if for my business and the person can we defer it to 2007 since i have not provided a 1099-misc form to them?
2007-04-14 09:16:49 · 4 answers · asked by qws 1 in Business & Finance ➔ Taxes ➔ United States
A 1099-MISC represents payments that were made during the calendar year. So, if you cut the person a check dated in 2006, it MUST go on the 2006 Form 1099-MISC. There's no going back on it now if the check has been written and cashed.
2007-04-14 09:33:59 · answer #1 · answered by SuzeY 5 · 0⤊ 0⤋
i be attentive to that on W-2's, you are able to replace (best) the call, handle and SSN fields with out inquiring for a corrected W-2 out of your business enterprise. i'm guessing the 1099-MISC could be an identical. Hand write the correction on all copies you deliver in including your returns. additionally, request the 1099 sender best their documents so it would not ensue back next year. so a techniques as tax tax time shrink, the 1099-MISC is mandatory to fill out a Fed 1040 guy or woman earnings Tax return. If the quantity on the 1099 is in container 7, you are able to desire to upload a time table C (sole proprietor) on your 1040. If it is stated as "different earnings" in, i think of, container 2 or 3, upload the earnings as a line merchandise on 1040 line 21 "different earnings".
2016-10-22 04:13:12 · answer #2 · answered by balick 4 · 0⤊ 0⤋
If you paid them in 2006, then you and they would declare it for 2006. If they did the work in 2006 but you didn't date their check until 2007, then it's 2007 business.
2007-04-14 14:24:10 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Um, I don't think so. The IRS is pretty rough and tough on that kind of stuff.
2007-04-14 09:21:54 · answer #4 · answered by Jared S 2 · 0⤊ 0⤋