Posts tagged as:

1099-MISC

Ask the taxgirl: Forms 1099 and Estates

31 July 2008

Taxpayer asks: My father my grandmother and (unofficially) I, are administers of a simple (non trust) estate for my recently deceased Uncle. the estate has hired an attorney, a funeral home, a grave tending service, and a guy to help clean the house he lived alone in, and sell personal property contained in the house. [...]

4 comments Read the full article →

Ask the taxgirl: Reporting Misc Income Under $600

14 April 2008

Taxpayer asks: Good Morning: My wife was working for a local music school teaching lesson for only a couple of months last year. She was paid a total of $120.00 for 2007. The Music store has not sent us a 1099-MISC form. How do I declare this income on my 1040 form? Do I still [...]

3 comments Read the full article →

Ask the taxgirl: Reporting 1099-MISC income

14 April 2008

Taxpayer asks: Hi, can I report my 2007 1099MISC income with my 2008 tax return? Taxgirl says: I wouldn’t. The IRS will receive a copy of the 1099-MISC issued by the payer and will expect to see corresponding income on your return. When the information doesn’t match up, you will likely receive a notice from [...]

2 comments Read the full article →

Ask the taxgirl: Timing of payments

6 April 2008

Taxpayer asks: Hi Kelly! I’m so glad to have found your site – what a great service for all of us! My question is in regards to the 1099-MISC form. I am a small business owner and received a 1099 form for a December 2007 sale however the company did not pay until January 2008. [...]

5 comments Read the full article →

Ask the taxgirl: 1099s, 1040s and Rebate Checks

24 March 2008

Taxpayer asks: I have 3 kids and this is my first year filing a 1099. Am I able to claim dependents on a 1099 misc and get a refund? Taxgirl says: There is a distinction between a form 1099 and a form 1040. There are several different types of forms 1099 – you can read [...]

1 comment Read the full article →

Ask the taxgirl: Attorney’s Fees

17 February 2008

Taxpayer asks: Hello and thanks for your anticipated help. I have a question: I am an attorney (solo pracitioner) and last year I settled my first case. I obviously gave the proceeds minus my attorney fees to my client. I received a 1099 from the govt agency that I settled the lawsuit with. Do I [...]

2 comments Read the full article →

Next Entries →