Posts tagged as:

1099

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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Ask the taxgirl: Missing 1099 or Other Tax Forms

28 February 2010

Taxpayer asks: What are my options if an employer has not provided me with my 1099 yet? I have asked them at least once a week since February 15th and keep being told they are coming. I have a full record of how much they have paid me, am I able to just leave their [...]

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Ask the taxgirl: My Ex-Employer Committed Fraud

5 January 2010

Taxpayer asks: 3 years ago I worked for a company and was W2′d, I quit after 3 months. And just yesterday the IRS sent me a notice tht I owed them $4200. I have never owed $ to anyone or have been late on anything in my life so I was shocked, I called them [...]

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Online Merchants Brace for New Reporting Requirements

15 December 2009

The Housing Assistance Tax Act of 2008 made headlines as part of the larger Housing and Economic Recovery Act of 2008, or HERA, signed into law by President Bush. HERA was introduced as HR 3221 by Rep. Nancy Pelosi (D-CA), with the title: A bill to provide needed housing reform and for other purposes and [...]

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Ask the taxgirl: Do I Need a Form 1099?

19 November 2009

Taxpayer asks: Several elderly friends have asked me to help them with administratrive work in there home. I would probably do this on an ongoing basis and I am sure each would end up paying me more that $600 a year. I would report all of this money (Schedule C I think) but am concerned [...]

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Ask the taxgirl: Overtime and 1099s

8 April 2009

Taxpayer asks: Hello, I have a question concerning a 1099 . I work for a company full time and get a w-2 at the end of the year. I have been asked to work additional hours and know that they usually do not like overtime. Can i ask them to 1099 me at the end [...]

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Ask the taxgirl: Should I Ask Performers to Complete a Form W-9?

24 March 2009

Taxpayer asks: Hi there. I work for a church that has musicians perform on a regular basis (at least once a month). We cut them a check each time they perform; nothing is run through payroll. Do they need to fill out a W-9? If yes, what do I need to do on my end? [...]

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