could submit his 1099 for income eligibilty,can the apartment manager actually verfiy thru the IRS that is ligit? ilearn something new everyday!thanks in advance!
2007-06-22 10:57:56 · 2 answers · asked by teak 2 in Business & Finance ➔ Renting & Real Estate
No, the apartment manager can't verify anything through the IRS. The IRS never shares information about tax returns without a special Power of Attorney.
However, copies of tax returns are often used as proof of income by self-employed individuals so asking for copies of the returns and supporting documentation such as 1099s is pretty commonplace.
2007-06-22 11:06:45 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
no people who employe non payroll help or products no longer coated on payroll like journeys, vehicles and non taxed bonuses situation 1099's for those products. Like a motor vehicle salesman working for a broker. His universal pay could have the traditional taxes/ social protection etc with held. He wins a sales contest and his boss hands him 1000 in money. on the top of the tax 3 hundred and sixty 5 days he will acquire a w2 for his universal pay and a 1099 for the 1000. he will then ought to pay earnings tax on the amout that the 1099 shows. So if he's in a 20% tax bracket he will owe 2 hundred in taxes on the 1000. while you're self employed you ought to record earnings comments each and every quarter and pay your guy or woman social protection and with protecting taxes. in case you call any IRS workplace they are able to handbook you.
2016-10-18 09:58:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋