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Subject Author Date
1099-MISC not received (probably wasn't issued) johnstacco 02-23-2007
Posted by johnstacco on February 23, 2007, 7:11 am
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 Hi all,

I worked at a temp job in 2006, made $950. When the job
started, employer told me the income would be reported as
1099.

I understand their 1099 filing deadline is Jan 31, but I
have yet to receive my copy. This company is very small,
and I'm guessing their accounting work is a bit
unorganized. I'm planning to visit them next week and ask
about it.

My question is: besides verifying the amount of 1099 that
they will report to IRS (if they do report at all), should
I obtain their Fed. Tax ID Number? Never dealt with
"non-employee compensation" before, is there anything else I
should be watching out for?

(I'll be using TaxCut, if it makes any difference).

Thank you all and good night!

Posted by Bill on February 25, 2007, 12:01 am
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 johnstacco@yahoo.com posted:

> I worked at a temp job in 2006, made $950.
> When the job started, employer told me the
> income would be reported as 1099.
> I understand their 1099 filing deadline is Jan
> 31, but I have yet to receive my copy. This
> company is very small, and I'm guessing their
> accounting work is a bit unorganized. I'm
> planning to visit them next week and ask
> about it.
> My question is: besides verifying the amount
> of 1099 that they will report to IRS (if they do
> report at all), should I obtain their Fed. Tax ID
> Number? Never dealt with "non-employee
> compensation" before, is there anything else I
> should be watching out for?
> (I'll be using TaxCut, if it makes any
> difference).

You should report the income, whether you receive a 1099 or
not. Since 1099-Misc income is reported on Schedule C, or
C-EZ (with little expense amounts), the 1099 isn't essential
for reporting. You simply total all of your "self
employment" income (assuming you may have had other
temporary assignments).

Bill

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Mike Wellman on February 25, 2007, 12:01 am
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johnsta...@yahoo.com wrote:

> I worked at a temp job in 2006, made $950. =A0When the job
> started, employer told me the income would be reported as
> 1099.
>
> I understand their 1099 filing deadline is Jan 31, but I
> have yet to receive my copy. =A0This company is very small,
> and I'm guessing their accounting work is a bit
> unorganized. I'm planning to visit them next week and ask
> about it.
>
> My question is: besides verifying the amount of 1099 that
> they will report to IRS (if they do report at all), should
> I obtain their Fed. Tax ID Number? =A0Never dealt with
> "non-employee compensation" before, is there anything else I
> =A0should be watching out for?
>
> (I'll be using TaxCut, if it makes any difference).

You do not need their federal ID and do not need a 1099
unless they withheld tax (unlikely). Just report the income
on Schedule C and deduction any related expenses.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Benjamin Yazersky CPA on February 25, 2007, 12:01 am
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> I worked at a temp job in 2006, made $950. When the job
> started, employer told me the income would be reported as
> 1099.
>
> I understand their 1099 filing deadline is Jan 31, but I
> have yet to receive my copy. This company is very small,
> and I'm guessing their accounting work is a bit
> unorganized. I'm planning to visit them next week and ask
> about it.
>
> My question is: besides verifying the amount of 1099 that
> they will report to IRS (if they do report at all), should
> I obtain their Fed. Tax ID Number? Never dealt with
> "non-employee compensation" before, is there anything else I
> should be watching out for?
>
> (I'll be using TaxCut, if it makes any difference).

1099's are due Feb 28th

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Phil Marti on February 25, 2007, 4:41 am
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> I worked at a temp job in 2006, made $950. When the job
> started, employer told me the income would be reported as
> 1099.
>
> I understand their 1099 filing deadline is Jan 31, but I
> have yet to receive my copy.

The 1099 is their responsibility, not yours. Report the
income on line 1 of Schedule C-EZ and be done with it.
(Your software will fill in Schedule SE for you.)

--
Phil Marti
Clarksburg, MD

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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