what gives on 1099-MISC form?

• what gives on 1099-MISC form? - MDmt
  • I never received 1099 forms when I - Backwards typist
  • You don't need the form. - Just tally up your paystubs.
  • If you have your last pay stub from 2008 - NM
  • yes you can....dont' really need that form to do your taxes. nm - IC25
  • I had heardn't that, but - LinK
    • thanks - nice to know I'm not solo in this boat! - MDmt

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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.

in 2007.  Shouldn't I be receiving a 1099 form from them for tax purposes?  I haven't yet and am wondering if I should contact them.  I paid my quarterlies.  I thought the law was they had until 1/31 to send it.

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.  

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.

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. 

regardless of amount.  Just because it was a small amount it is still part of the overall earnings.  A company has no idea how much the IC made from all sources.  If all you made for the year from every source was less than 500 then you don't need to claim it.  Just my understanding of the > $500 situation. 

I have question then...if the person/company paying the IC does not issue a 1099 how can they claim it as an expense?  I have been toying with the idea of looking for someone to help me with my docs and I would like info about this. 

I got the form and started to fill it out. Where do I get another one? There was a phone number and web address on the information but I'm trying to search and can't find anything. Help hugs

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