What it reports yes...the form, no. (The IRS already has one)
Im webfiling with the state of Illinois. There is nowhere to enter a 1099MISC. Do I have to file it?
You file the 1099-MISC form with the IRS at the federal level, not a specific state. However, some states also require a copy of the 1099-MISC for their tax records. You should check your state’s tax regulations to determine if you need to file a copy with the state and follow their specific instructions for submission.
First if th business is a Corporation, which virtually all insurance cos are...you do not need to send a 1099-Misc
My understanding is that 1099 is a federal form and does NOT need to be sent in to state agencies
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.
Im webfiling with the state of Illinois. There is nowhere to enter a 1099MISC. Do I have to file it?
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.
No, according to filetaxes.com
You file the 1099-MISC form with the IRS at the federal level, not a specific state. However, some states also require a copy of the 1099-MISC for their tax records. You should check your state’s tax regulations to determine if you need to file a copy with the state and follow their specific instructions for submission.
First if th business is a Corporation, which virtually all insurance cos are...you do not need to send a 1099-Misc
The information from a 1099-MISC form needs to be reported on the Schedule C form of the 1040 tax form if you are self-employed.
No, you don't need a 1099 for your tax refund because your refund isn't taxable.
My understanding is that 1099 is a federal form and does NOT need to be sent in to state agencies
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.
If you have earned income over $900 you do. If you have any w-2's or 1099's you have to file.
You need to file a 1099 form if you paid someone who is not your employee at least 600 in a year for services rendered.
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.