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taxgirl® - tax news, tax info and tax policy

April 17th, 2008

Ask the taxgirl: Incorrect 1099

Taxpayer asks:
I received my 1099 on Feb. 8 and noticed that the amount looked higher than it should have been. So I checked my bank records twice. Compared to the 1099, my bank statements said $646.01 less than the 1099.
Feb. 12, I call my ex-boss’ accountant (T), and tell him about this problem. […]

By Kelly -- 3 comments

April 6th, 2008

Ask the taxgirl: Timing of payments

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. […]

By Kelly -- 3 comments

March 24th, 2008

Ask the taxgirl: Navigating the forms 1040

Taxpayer asks:
Hello Kelly,
I have a tax question for you:
-I am a normal employee and will be filing a 1040ez for that.
-I also do freelance work on the side, have received 1099-MISCs for that work from clients, and will be filing a 1040 schedule C for that.
Do I simply file the two forms together?
Or is there […]

By Kelly -- 2 comments

March 16th, 2008

Ask the taxgirl: Form 1099 and Schedule C

Taxpayer asks:
Hi,
I have a question, I’m hoping you can help me resolve my issue.
My husband recieved a 1099 Misc form as his only source of income, but we have be told that he has to file as self-employed been he has to file a Schedule C form, but our conflict is that it is not […]

By Kelly -- 0 comments

February 26th, 2008

Ask the taxgirl: No 1099

Taxpayer asks:
I have a question regarding a 1099 or rather a lack there of. I did independent contractor work for a company and they have not issued me a 1099 for 2007. I have a friend who did work for them in years prior and they never issued her one either. Do […]

By Kelly -- 2 comments

February 16th, 2008

Ask the taxgirl: Prior year forms 1099 and W-2

Taxpayer asks:
Hello Tax Girl,
I know that there is a form that I can send to the IRS and they will respond with reported 1099’s for 2005. Do you know which form(s) that would be?
Thank you for your help.
Taxgirl says:
It’s not clear from your question whether you have filed a tax return or not. […]

By Kelly -- 2 comments

February 12th, 2008

Ask the Taxgirl: Issuing a 1099

Taxpayer asks:
I am an accounts payable clerk for a manufacturing company. Who should we be sending 1099 forms to? What would happen if we sent a 1099 to someone in error?
Taxgirl says:
There are lots of forms 1099. Here’s a quick rundown of some of the most popular:
If your company pays out […]

By Kelly -- 1 comment

February 10th, 2008

Ask the Taxgirl: What to do with a 1099

Taxpayer asks:
I am a driver for a FedEx contractor, and I just recieved my 1099-misc form from my boss(the contractor) and I have no clue as to what to do from here. In the past, my jobs were paid by hourly wage and I received a W-2 for those. This is totally new to me, […]

By Kelly -- 1 comment

January 31st, 2008

Are Childcare Expenses Considered Personal Services?

I just received an email from a reader who wanted me to correct my statement in my earlier “ask the taxgirl” post that “[i]ndividual taxpayers generally do not provide forms 1099-MISC for payments made to vendors for personal services” because she believes that “childcare expenses are personal services that require a 1099-MISC.”
I appreciate the email […]

By Kelly -- 0 comments

January 30th, 2008

Ask the Taxgirl: Do Individual Taxpayers Submit a 1099?

Taxpayer asks:
I paid a contractor $855 for a roof repair. He did not furnish his TIN or complete and return a W-9. Must I pay the 28% withholding tax on the $855 to the IRS?
Taxgirl says:
I am going to assume from your question that you are an individual taxpayer and not […]

By Kelly -- 2 comments

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