Comments on: Ask the Taxgirl: Forms 1099

By: maritzaduran

maritzaduran — Mon, 21 Sep 2009 22:55:54 +0000

hello taxgirl i have started a new job as a secretary my managerhas aked me to find info about 1099 forms every time i try to look for info on it all i see is how to buy the cd for 19.99 can you plaese help me answer a few questions???????

By: Dan

Dan — Tue, 07 Apr 2009 18:58:30 +0000

My wife has a Invesco AIM & Charles Schwab account. We received a 1099-Div from AIM nothing from Charles Schwab should we have? They both lost is there anyway that can be recouped??

By: Kelly

Kelly — Wed, 18 Feb 2009 19:11:20 +0000

No, there’s no limit. I’ve seen 1099-MISC for independent contractors in excess of $100,000.

By: vonda

vonda — Wed, 18 Feb 2009 01:07:51 +0000

Is there a limit on the amount of money that can be reported via a 1099-misc form? I was told $1500 but that does not seem right.

By: Kelly

Kelly — Sun, 15 Feb 2009 03:16:02 +0000

Without knowing the specifics, I’d say no. Individuals rarely issue forms 1099 for personal services. I’m guessing this is a run of the mill health care bill? If so, then no. Individuals generally do not issue one to doctors, nurses, pharmacies, etc., if even over $600.

By: Chris

Chris — Sat, 14 Feb 2009 23:02:34 +0000

We paid out private money for health caregivers last year to several private caregivers. We are not a business. Must we send them 1099 forms?

By: Kelly

Kelly — Wed, 11 Feb 2009 20:07:48 +0000

Generally, no. There are some exceptions. Check out this prior post about issuing forms 1099 for more details.

By: Donna

Donna — Wed, 11 Feb 2009 19:49:32 +0000

Do you have to send a 1099 if the company is incorporated?

By: Heather

Heather — Tue, 19 Feb 2008 14:29:24 +0000

Can I report 1099-Misc income on my joint return with my husband on our 1040?