Breaking down IRS forms line by line — what they mean, who needs them, and how to fill them out right.
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…
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…
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…
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 I report…
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…
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…
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…
Taxpayer asks: Can you please tell me what I should do if the independent contractor has not provided me with his TIN or EIN number? Should I send in the 1099 without a number? Taxgirl says: This is probably one of those answers that I’ll get flak for but I’m giving you my opinion anyway……