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What is the minimum amount of income that requires a 1099 to be filed in 2008?
Wiki User
∙ 15y ago
If you are a financial institution or corporation who is paying dividends (or an intermediary), you must file a 1099-DIV if $10 or more of dividends are paid. You can file even if less than $10 in dividends is paid.
If you are a shareholder who receives dividends, you must report all dividends in any amount on your tax return whether or not a 1099-DIV was issued to you.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoI believe that it is 400.00. Almost pretty sure. The minimum has been $600.00 for almost as long as I can remember and I've been doing accounting for 35 years plus. The only change to this is that years ago you only reported labor and not any materials. The $600.00 now includes both and has for a very long time. Both above are right & wrong! The amount that needs to be reported depends on which reporting your speaking about. Even 10c in interest paid must be reported. Likewise for brokerage/trust distributions, etc. Dividends too. Many many more. The $600 is the minimum for reporting 1099-Misc on payments to vendors/suppliers. And that has many exceptions....any amount to a Lawyer must be reported...no amount need to be for a corporation - etc.
Wiki User
∙ 16y agoThe Minimum amount is 600.00 total for 2007 per contracted employee
Wiki User
∙ 12y ago1099-INT Interest or 1099-DIV Dividend the amount is $10 or more.
Wiki User
∙ 12y ago$ 10.00
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What is the minimum amount of income that requires a 1099 to be filed for 2008?
Depends on the type of income. Even 1c of interest income must be reported and filed on a 1099 for example.
What is the minimum dollar over which a common lawsuit can be filed?
$20.00 is the minimum dollar amount over which a common lawsuit can be filled.
If you filed tomorrow would you get a checK after you file that day?
No that would not be the way that it would work when you file your income tax return and it is completed correctly and accepted by the IRS as you filed it. After the IRS accepts your income tax return as you filed the refund check will be issued to you by the IRS and the return period will depend on the way that you filed your income tax return and the way that you requested you refund amount to be be sent to you. So depending on the above it could take from about 110 days to six weeks for you to get your refund amount if it is by mail.
How many tax returns were filed in the U.S. in 2008?
By December 31, 2008, the IRS had received 156,297,000individual income tax returns. Of that amount, 89,886,000 were filed electronically. In comparison, by December 28, 2007, the IRS had received 140,188,000 individual income tax returns. Of that amount, 79,979,000 were filed electronically.For more information on IRS facts and figures, go to www.irs.gov/taxstats.
Will the amount of child support be effected as in decreased because ex husband has filed chapter 13?
Only if his income has significantly decreased.
As a census employee if you filed exempt on your taxes do you have to pay them back?
When you complete your income tax return correctly after the end of of the year and if you end up with an income tax liability YES. You will have to pay the amount of income tax that are owed at that time.
Which policy relates to this statement an individual may receive a tax refund from the government after filing their federal income tax refund?
Taxpayer failed to file a tax return to claim a possible refund amount they had available to them if the refund amount is claimed in the 3 year time frame then the refund amount is no longer available to the taxpayer. Taxpayer filed a income tax return and failed to claim some of the credits that were available to them if the income tax had been filed correctly and the can now file the 1040X amended individual income tax return to correct the error that was made on the original file income tax return to claim the additional refund amount.
What do you get back from tax man once you send in your forms?
Tax man IRS, US Treasury Department. For a mailed 1040 income tax return and no direct deposit selected IF you have any refund amount due you THEN you would receive a paper check IF you used your correct mailing address on your correctly completed income tax return. If your income tax has been completed correctly and filed to the correct IRS address and IF the IRS accepts you income tax return as you filed it the amount on the copy of your income tax return that says AMOUNT THAT YOU WANT REFUNDED TO YOU. 1040 page 2 line 73a 1040A page 2 line 46a 1040EZ page 1 line 12a THIS IS YOUR REFUND If your income tax return was NOT completed CORRECTLY and the IRS does NOT accept it as you filed it then you will receive a letter or notice with some contact information and some information telling you what you will have to do to correct the original filed income tax return.
What is the smallest income you can have to get income tax?
Gross income $10. Taxable income -0- ZERO and IF $1 was withheld for federal income taxes and you completed your 1040 federal income tax return correctly and sent it to the correct IRS address and the IRS accepted your income tax return as you filed it you would receive the $1 amount as a refund.
Is there a required commodity value minimum that requires NAFTA cert to be filed I read somewhere that no NAFTA cert is required unless a single commodity in the shipment equals or exceeds 2500?
Trade
How long do I have to file my 2009 income taxes if I am owed money from the govt?
3 years from the due date of the income tax return. 2006 tax year income tax refund amount will be lost if tax return not filed by April 15 2010.
The required form that is filed with the Internal Revenue Service showing the amount due for income taxes withheld and FICA taxes?
You file a form 1040 each year to show the amount of income and amount of taxes for each year. FICA taxes are not reported on for 1040 since there is no deduction for them or figure into your taxable amount. FICA taxes withheld are reported to the IRS via your W-2 that you receive a the end of the year which you use to report your income and income tax withheld.
