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: ¿Cómo puedo obtener un ITIN?(How can I get an ITIN?) Taxgirl says: Since I get a lot of variations on the theme of this question (SSN/EIN/ITIN), I will answer a bunch of them at one time: To get an SSN (Social Security Number), you will need to complete Form SS-5, Application for a…
I probably get more questions related to income and deductions for blogging than any other job or hobby. Maybe that’s because I am a blogger – but I suspect that it has more to do with the fact that there are a lot of questions about how to treat new media when it comes to…
Ooh, you can tell that tax season is beginning! My inbox is chock full. I do not always answer questions in the order that I receive them. I consider the timeliness of the question (1099 reporting instructions before deductions, for example), the number of similar questions that I’ve received, the value to the reader and…
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…
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 a…
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……
Taxpayer asks: Hello, My husband’s business gets letters from people asking for cash donations/sponsorships. Specifically, when students write to us asking for sponsorship for a People to People Ambassador program for their son/daughter to attend, or Cheer camp sponsorship for their cheerleading daughter to attend, or asking for a sponsorship for their child’s go-kart racing…
Taxpayer asks: Hi Taxgirl, I’m helping a non-profit run its VITA program this year. I just found out today that due to late passage of the AMT patch, taxpayers trying to claim ed credits won’t be able to file until the Service fixes its computers. The target date for that is Feb. 11. Do you…