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What it reports yes...the form, no. (The IRS already has one)
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∙ 15y ago
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Do you need to file an il state return for 1099 misc?
Im webfiling with the state of Illinois. There is nowhere to enter a 1099MISC. Do I have to file it?
Do you have to send a 1099 misc for health insurance payments?
First if th business is a Corporation, which virtually all insurance cos are...you do not need to send a 1099-Misc
Where do you send the 1099 misc copy for IL state tax department?
My understanding is that 1099 is a federal form and does NOT need to be sent in to state agencies
What happens when you file a 1099 tax form?
Form 1099-MISC is Miscellaneous Income. The person or business providing/sending you a 1099-MISC form considers you as self-employed, not as an employee. For that reason, they haven't deducted any income taxes from your earnings. They also haven't made Medicare or Social Security payments on your behalf. You'll need to file Form 1040, Schedule C (Profit or Loss from Business) or Schedule C-EZ (Net Profit from Business), and if your net income is at least $400 Schedule SE (Self-Employment Tax). You don't attach Form 1099-MISC to the Form 1040.
Do college students need to file an income tax return?
If you have earned income over $900 you do. If you have any w-2's or 1099's you have to file.
Do you need to file an il state return for 1099 misc?
Im webfiling with the state of Illinois. There is nowhere to enter a 1099MISC. Do I have to file it?
Does 16 year old file with 1099-misc?
A 16 year old may need to file a 1099-misc in some instances. This occurs when they are not hired on as an actual employee of the company.
Do you need to file 1099-misc with MD if also filed with IRS?
No, according to filetaxes.com
Do you have to send a 1099 misc for health insurance payments?
First if th business is a Corporation, which virtually all insurance cos are...you do not need to send a 1099-Misc
I have not received a 1099 G listing my refund for my 2007 tax return. Do I need this to file for 2008 If so how do I get it?
No, you don't need a 1099 for your tax refund because your refund isn't taxable.
Where do you send the 1099 misc copy for IL state tax department?
My understanding is that 1099 is a federal form and does NOT need to be sent in to state agencies
What happens when you file a 1099 tax form?
Form 1099-MISC is Miscellaneous Income. The person or business providing/sending you a 1099-MISC form considers you as self-employed, not as an employee. For that reason, they haven't deducted any income taxes from your earnings. They also haven't made Medicare or Social Security payments on your behalf. You'll need to file Form 1040, Schedule C (Profit or Loss from Business) or Schedule C-EZ (Net Profit from Business), and if your net income is at least $400 Schedule SE (Self-Employment Tax). You don't attach Form 1099-MISC to the Form 1040.
Do college students need to file an income tax return?
If you have earned income over $900 you do. If you have any w-2's or 1099's you have to file.
I received a 1099-c in my deceased spouses name do you still have to claim this?
If when your spouse passed away, a Trust or an Estate was setup to manage their remaining assets, then you are required to file a tax return for the trust or estate and the 1099-c would need to be included on that tax return. If no Trust or Estate was established, then you do not need to file an Estate tax return. Your spouse's final return would be processed either jointly with yours or individually depending on how you have historically filed and your individual tax situation. The 1099-C would NOT be included in that return.
Where do you send the 1099 misc copy 1 for Virginia state?
Virginia Department of Taxation advised below; Re: 1099-misc Copy 1 for State "This form does not need to be submitted to the state if there wasn't any Virginia withholding reported on the form."
What tax rate for 1099 MISC?
Tax rate is a function of personal situation, not a function of whether or not the income is reported on 1099 MISC. Of course, on 1099 income, you also may need to pay self-employment tax, but you should consult a tax adviser on that. And, also, since most 1099 income is not withheld income, there is the risk of an underpayment penalty.
You make less than 5000 Do you need to file for a tax return or fill out the 1099 form?
Well YOU never fill out a 1099, your receive them..and generally they report income yu need to include. And to cut to the chase....if the IRS says you don't HAVE TO file (but can) who do yo think that would benefit, you or them?
