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What is the minium amount of money for not paying taxes with a 1099? Does everyone pay regardless if they earn 5,000.00 or 15,000.00 even acting a an independent contractor.

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17y ago

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Do you have to pay taxes on 1099 misc?

yes


Do you have to pay taxes to the state of caLIFORNIA for a 1099-c?

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What is a 1099 and do you have to file it?

A 1099 is a tax form used to report and pay taxes on income other than wages and salaries. Such income could include interest or dividends paid you from your investments or work you contracted to do. Taxes are bit calculated and paid for income from 1099's which means it is your responsibility to pay them when you file your taxes. And YES you do have to file them.


How much taxes will I pay on a 1099 form?

The amount of taxes you will pay on a 1099 form depends on your total income, deductions, and tax bracket. Generally, you will need to pay both income tax and self-employment tax on income reported on a 1099 form. It's recommended to consult with a tax professional for personalized advice.


how much i have to pay if i want it 1099 for an income of 72000?

how much taxes i owe for an income of$72000 annual if ia am going to do 1099


Do you pay taxes if you are on disability and received a 1099?

It depends on how the premiums for the disability insurance were paid.


When you receive a 1099 int do you have to pay the IRS?

Each case is different but, yes, you pay taxes on income reported on 1099INT.


How do I pay taxes on a 1099 form?

To pay taxes on a 1099 form, you need to report the income on your tax return and pay any taxes owed. This is typically done by filling out a Schedule C or Schedule SE form, depending on the type of income you received. Make sure to keep track of all your expenses and deductions to reduce your taxable income.


How much in taxes will I pay on a 1099 form?

The amount of taxes you will pay on a 1099 form depends on your total income, deductions, and tax bracket. Generally, you will owe both income tax and self-employment tax on income reported on a 1099 form. It is recommended to consult with a tax professional for a more accurate estimate of your tax liability.


Why did I receive a 1099-MISC?

You usually recieve a 1099-MISC if you are an independent contractor. If you did a side project for a check, then the company does not take out the taxes, but you have to pay the tax on the project.


Are taxes due on 1099 R income in NC?

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How do I pay taxes on dividends?

To pay taxes on dividends, you typically report the income on your tax return and pay taxes at your applicable tax rate. You may receive a Form 1099-DIV from the company or broker that paid you the dividends, which will help you accurately report the income.