1099-Misc or Something Else

S

SJSWING

New Member
I worked for a company last year that has yet to mail me out a form 1099. When trying to contact them, they are not even sure they are going to 1099 me for working through them.

I know I need to claim the money earned, but was wondering that if I need to enter this information as a business owner, since I have not received the 1099.
Technically I worked as a freelance independent as they would only work me when needed.

The other option would be to call IRS to get the business EIN......Should I do this instead of the above mentioned?
 
PrepH4U

PrepH4U

New Member
SJSWING said:
I worked for a company last year that has yet to mail me out a form 1099. When trying to contact them, they are not even sure they are going to 1099 me for working through them.

I know I need to claim the money earned, but was wondering that if I need to enter this information as a business owner, since I have not received the 1099.
Technically I worked as a freelance independent as they would only work me when needed.

The other option would be to call IRS to get the business EIN......Should I do this instead of the above mentioned?
Click to expand...

If you are incorporated they do not need to send you a 1099.
 
S

SJSWING

New Member
I am not incorporated, or even a business owner for the fact of the matter. It was just some work I did for a local company. Kind of like a fill in worker when needed, but we never hassled with w-2's. The amount earned comes just shy of 3,000.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
SJSWING said:
I am not incorporated, or even a business owner for the fact of the matter. It was just some work I did for a local company. Kind of like a fill in worker when needed, but we never hassled with w-2's. The amount earned comes just shy of 3,000.
Click to expand...

You have no options other than to simply file that as 'other income' on your personal return. Your should have received a 1099, yes..but..

It does not sound to me like you have any good reason to establish yourself as an LLC or S-corp or any other entity like that and get an EIN. For what benefit? And you would not friggin believe all the report filing you will bring down on yourself once you are an 'entity' in the eyes of state and feds.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
MarylandMark said:
I agree, however I read it along the lines SJSWING was going to get the EIN of the business that paid out the $3K, not get an EIN for themselves?

I don't know what benefit filing MISC under their EIN would do? It seems to me filing under their 1099 more checks and balances them writing off paying the $3K than SJSWING getting paid the $3K? I'm asking those as real questions, trying to learn and making sure my though process is on the right track.
Click to expand...

On your first observation..after reading the OP again, it appears you are correct.

Abd I would agree with your second part. You do not need a 1099 (or the source EIN or SSN) to report income on your own return..you just simply report it.
 
vraiblonde

vraiblonde

Board Mommy
PREMO Member
Patron
Call the IRS and explain the situation - they will tell you how to proceed. If the company paid you more than $600, they are obligated to send you a 1099-MISC and you are obligated to report that income.
 
vraiblonde

vraiblonde

Board Mommy
PREMO Member
Patron
MarylandMark said:
Asking a question, not questioning...



The company is obligated to send a 1099? Are they if they aren't writing it off?

If I pay "Fred" $1K to paint my mailbox, Fred has to claim that income but I don't have to 1099 Fred if I'm not writing it off any where, or do I?

I was thinking the 1099 is to verify a write off? The person collecting the money has to claim it but it can kind of come from where ever? Capone could have put bootlegger on his tax forms, as long as he paid tax on the money he would have been a free man.
Click to expand...

Not sure how it works with private party, but as a business we are required to 1099 an independent contractor who we pay more than $600 in a year. At least that's what our accountant told us, because we have to keep our books righteous with the tax people. But OP should be able to call the IRS and they'll get her fixed up.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
MarylandMark said:
Asking a question, not questioning...



The company is obligated to send a 1099? Are they if they aren't writing it off?

If I pay "Fred" $1K to paint my mailbox, Fred has to claim that income but I don't have to 1099 Fred if I'm not writing it off any where, or do I?

I was thinking the 1099 is to verify a write off? The person collecting the money has to claim it but it can kind of come from where ever? Capone could have put bootlegger on his tax forms, as long as he paid tax on the money he would have been a free man.
Click to expand...

Many/most personal transactions are exempt from the 1099 requirements. Businesses, on the other hand, have to follow the "anything more than 10 bucks in royalties or over 600 bucks in payment for services' guidelines and issue a 1099.

And no, you have the intent entirely backwards; its not to 'verify a write-off' by the payer..its to make it more difficult for the payee to hide the income and not report it.
 
You must log in or register to reply here.
Top