1099 tax forms

Does anyone out there who is an IC know of the deadline date for the 1099 forms to be sent out via "employer"?  As a special input, I did some research on what deciphers an employer-employee versus employer-independent contractor.  In summay there were 20 points made and I fit all criteria of being an "employee" instead of classified as "independent contractor" per the IRS.  I am considering filing the "SS-8" form with the IRS, which is a form for the IRS to give their input on the employer-independent contractor issue to determine how I really should be classified.  The way I see it, my employer refers to me as an IC because it simply benefits her, and on the otherhand, it does nothing for me except harm.  I am making 9 cents a line, cut back from 10 cents a line a few couple months ago, and have am offered no benefits whatsoever.  This happens to be one main point that the IRS displays as I would really be classifed an employee as my employer has control of my pay.  Just thought this was an interesting fact to point out to all as it is something I was not aware of until today upon doing self investigation into it.

• 1099 tax forms - es
  • Would you happen to have a link to your - INTERESTED IC MYSELF
    • You forgot to mention in your - all to knowing post that as
    • please read--sm - nobody
  • just like W2s, they were due out by 1/31. nm - nobody
    • 1099 - es
      • am I 100% sure--sm - nobody
        • 1099 - es
        • 1099 clarification - minIL

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Carla,

A long short form is usually easier to remember. So I would definitely assign the short forms as suggested by Kelli:
SmithCThead
SmithCTabdomen
etc

In most Expander programs you would opt for a short short form as you have to type the whole short form before you can expand.
In Instant Text you don't have to type the whole short form: you type the first two letters of your long short form and then you can type any of the following letters.
So in this case you would type smcth for the first one, smcta, and you may also type smhead, smabd

This is possible when you use the Instant Text marker key to expand. If you use the space bar to expand, you may be better off assigning the initials as suggested in the second response, as you would not be able to "jump ahead".

Marianne

This is not about that form per se, but you might want to consider filing a form 4868 "Application for automatic extension of time to file"  This can be sent any time before April 15 and gives you some more months to get your return ready.  If you owe money, it still has to go in, but at least you won't be one of those folks you see on TV lining up at the Post Office at midnight. 

Good luck.

This truly is abuse.  You may not have visable body scars but mental abuse is just as bad if not worse as physical abuse.  I'm not sure there is help for your husband but you need to get out of this relationship for your own sanity.  A tiger never changes his stripes.   I had been in relationship that had the same elements.  I worked all day and would teach a class at night and we were to dress in a professional manner and I would be accused of having an affair.  (Huh, like you have the time and energy.)  I had the courage to get out and have now married a man who respects me and treats me as an equal partner.  Is that not what a true marriage is, a partnership.   If you do not have family to help check with you local Women's Help Center possible that could be a start.   I wish you the best and hope you have the strength to more forward and leave him in the dust.

You can edit your short forms in the Glossary Viewer and have them come up according to the short forms you have chosen:

ax => AXIS I

ax2 => AXIS II

etc.

Can anyone refer me to a site that has contract forms for transcriptionists or what do others of you have?  I have one sample, but there are quite a bit of things on it that don't really pertain to the services I am giving.  How do you come up with your own and what should be put in a contract?  Thanks for all of your help and suggestions.

come out of your husband's check.  You can figure out how much tax based on $900/mo.  If you have too little taken out you'll have a penalty (around $50) and then you can adjust the next year if you need to.  I had taxes taken out of my husband's check, but didn't figure enough and I got hit with the penalty and I just adjusted the next year.  I am an employee now so don't have to worry about it this year and have adjusted tax withholdings so we have more $$ in our pocket.

You can find a used C-phone for $125 if you are lucky, but more around $200-$300 range.  There is a classified board here, you can also check E-bay.  If you need a food pedal only and not the software you can find a used one for $25 if you're luck to about $50.  You can new for about $80.  

A lot of times a company will send you the foot pedal if required, but not always.  Sometimes they will rent you a C-phone, but not always.  I wouldn't buy anything until you have a job.

As far as working to only gross $900/mo you can guestimate how many lines you can do based on xx line rate and monitor it so you don't go over.  I would guestimate higher to give yourself a little room.

Just be upfront with companies that you can only do so much so they know they can't expect you to work extra if things are backlogged. 

You can buy them at Staples or Office Depot.  They might come with Turbo Tax also -- not 100% sure.  But I just bought them.  You need her social security number.

I do make this much.  Even when married I always made more than my husband at a "real job" as he called it.  I did a little more myself this year to pay off those divorce legal bills but I did it.  On account I average 12,000 to 13,000 gross lines per month, another is 15,000 to 17,000 then I have two little accounts and one psych that I subcontract out which between them average another 8,000 lines.   The accounts that I personally type do take me about 22 to 24 hours per week and I put in 15 to 18 hours at a clinic doing EMR's as an employee.  I have a lot of write-off's and pay minimal taxes.l contributing about $700 - 850 a month to my retirement.  I have been doing these docs for 6 years.  Two are surgical oncologists and so I have a lot of consults/letters templates.   If a hernia patient came in I think I could do the consult just by looking at the chart.   I charge 11 cpl gross lines and have not raised my prices in two years but thinking about it.    I do put in 4 long days, 10 hours and then Friday is short  4 hours and Sunday is about 2.   But I have no problem showing my 1099's, it can be done you just have to find your niche.  And I know I am different than working for a national but 20 years ago I took the initiative to develop my own business, took a lot of blood, sweat and tears but the past 10 years I cannot complain.   My docs do treat me well as I have often stated.  But I just don't want anyone to think I have not paid my dues as I have and am truly honest in reporting my figures.  

By law an employer has to send one out each year depending on your status.  If they did not the fault lies with them.  However if you got a 1099 where it clearly stated that you received "non employee compensation" you are considered self employed by the IRS.  If you received a W2 then you were an employee.  I am confused...how could not know what status you were based on that alone???? Did you work "Under the table" where they did not send either a W2 or a 1099 each year?

Do they have your SSN, they might not be reporting it on a 1099 to IRS and so you have a choice to report it or not, I guess.  How much was it?  I have a couple of small accounts that do not send me a 1099 but I do report the income through my business, just add it into the total.  A 1099 is not necessary to file your taxes if you are an IC.  Not all plumbers or electricians get 1099's when they do contract work. 

I am doing a 1099 C to my ex-husband and I have received my four from my accounts and so here are the instructions regarding them from the IRS forms sitting in front of me -- Both as a recepient and as a reporter

DUE DATES:  Furnish Copy B of this form to the recipent by January 31, 2007.  File copy to the IRS by Februuary 28th.  I have to file my "Intent to File a 1099 by Februaru 15th".

On the back of my 1099 (Misc Income) received from my accounts it states "If your net income from self employmnt is $400 or more, you must file a return and compute you SE on Schedule SE (Form 1040) -- this is social security.  

It does not say from all 1099's but simply on the back of this one.  Now if someone files a 1099 with under 400 on it and others are filed with higher amounts, the IRS might wonder but I doubt that they would audit for 400 as that does not increase your tax and is only 60 SS.  Not worth their time.  But if you were to get several of these they might. 

Now some will not send you a 1099.  Plumbers, electricians, painters etc. that work on houses as sub-contracters do not get 1099's from their contractors.   I have several neighbors/friends who have small business and use manual labor and do not provide 1099's.   Then you have to decide whether or not it is worth including in case you get audited and how honest you wish to be. 

As for the employee vs IC or subcontractor - would you get anymore benefits as an employee - perhaps the 0.75 SS that they pay but they would take that out of your pay so you are not ahead.  As for having to set hours, when I was offered that before I decided stay and forge forward with my own accounts - I simply said "No thank you".  But I understand where they are coming from after having my own small 5 accounts.  I do give my gals some leeway but I do need the work back in a certain amount of hours and I prefer that they work when they are rested, not rushed, have no interruptions or squeezing me in between basketball or soccer as it certainly shows in their work.  It is hard keeping an even flow as I have no control of when docs are off or work is light or when suddenly someone decides  not to work. In the 18 years I have been doing this the hardest part is keeping a regular flow of work going to keep everyone happy.   As unemployement goes up, we go down.  But anyway just thought I would let you know what the 1099's say. 

Ex-ZyloMed IC wondering if there are others out there that still have not received their 1099 form in the mail.  Wondering if mine got lost in the shuffle somewhere.