Posts tagged as:

1099

Ask the taxgirl: Reporting Gifts

28 December 2010

Taxpayer asks: Hello Tax Girl: I am in NY. My father is giving me approximately $25-$30k this year. He will be reporting the payment to the government by sending me a 1099. My question is: Are there any special provisions to keep in mind when I report this on my income tax form or do [...]

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Senate Holds Onto 1099 Reporting Requirement

30 November 2010

Remember those expanded 1099 reporting requirements that were included in the health care bill? It was all anyone could talk about for quite awhile. Clearly underestimating the rage of voters and business owners, members of Congress (yes, the same ones that voted it in) vowed left and right to do away with it. Apparently, those [...]

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Ask the taxgirl: Reporting Income Not on a W-2

2 October 2010

Taxpayer asks: Hi, Just wondering if I have multiple jobs one year, can I not declare taxes if what I earn from each individual job is less than $600, or does what I make from all the jobs added together have to be under $600? And what if its at the $600 mark; does it [...]

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Ask the taxgirl: “Temporary” Employees and 1099s

28 September 2010

Taxpayer asks: I was laid off from my job six months ago as a legal receptionist. Before I lost my job, I had worked there for more than five years. My boss used to read your blog which is how I know about you. Even though working at a law firm is the only thing [...]

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Dems, GOP Suddenly Care About 1099 Reporting Requirement

14 September 2010

And by “suddenly” I mean months later, after they passed it as part of a bill that they clearly didn’t read… But now that folks are ramping up their complaints over the new tax reporting requirement that was included, logically (not), in the health care bill, both Dems and the GOP have decided that they [...]

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Deadline Approaches for Public Comment About Forms 1099

10 September 2010

So you’re really fired up about those new 1099 reporting requirements for 2012, right? The ones that are going to cause all of those headaches for you and your small business? You’ve bellyached about it on twitter. You’ve railed against it on a number of blogs. You’ve griped about it on Facebook. You’ve passed along [...]

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New 1099 Rules Remain In Place – For How Long?

21 August 2010

Earlier this year, I reported on the new reporting requirements for forms 1099 under The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act. The rules have been heavily criticized in the press but we haven’t heard much from Washington. There’s an update (sort of) on the progress (or lack [...]

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Ask the taxgirl: Filling Out a Form W-9 When Signing a Lease

2 August 2010

Taxpayer asks: Hi tax girl! Greetings and thank you in advance for your time: I too live in Philadelphia, and looking to rent another house… My credit rating is 798 and I have over $X in an investment account. I have started a new company and had practically no income last year… I am an [...]

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Repeal, What Repeal? We’ve Got Egos to Stroke! Special Interest Groups to Pacify!

31 July 2010

Remember those new reporting requirements for businesses that were tucked away inside the health care bill? “Unpopular” doesn’t even begin to describe the provision. So what’s a legislator to do in the midst of an election year? Repeal the very piece of legislation that you passed earlier in the year. Now you can take credit [...]

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New Rules About Forms 1099 Are Causing a Stir

6 May 2010

This week, the internet is abuzz about a provision included in The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act that expands reporting requirements related to forms 1099. As per usual, there’s some good information out there and some bad… Let’s see if we can’t sift through it. The [...]

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