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Julie Whitcomb Posted on Feb 14, 2014

Sale of stock through computershare

Need my 1099-B tax information

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1answer

What if I received a 1099 MISC but I am not self-employed?

That is sent to you for you to declare any Miscellaneous Income you receive that is not part of your employment. The obvious thing is bonuses paid as a lump sum in cash, or if you do work for another company are weekends and are paid in Cash. Send it back marked 'Not Applicable' or 'Nil' in the boxes. They will let you know if they have 'information' that you have another income.

Payments to others

If you are involved in a trade or business and receive payments from other people or entities, these transactions will likely be reported to you and the IRS if they total more than certain amounts during the tax year. Depending on the nature of these payments, the IRS requires the amounts paid to be reported on either Form 1099-MISC in the case of payments for rent, royalties, prizes and awards, substitute payments in lieu of dividends and other items or 1099-NEC if the payments represent nonemployee compensation.
Prior to tax year 2020 these payments usually appeared on Form 1099-MISC. Now, businesses must separately report nonemployee compensation on Form 1099-NEC. Any payments made to employees, including income, retirement contributions, insurance payments, expense reimbursements and travel expenses, typically go on Form W-2. Other than the change for nonemployee compensation, the use of Form 1099-MISC remains mostly the same for payment reporting.

https://www.google.com/search?q=1099+MISC

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0helpful
2answers

What happens if you get an IRS 1099-MISC, Miscellaneous Income and don't file taxes?

That is sent to you for you to declare any Miscellaneous Income you receive that is not part of your employment. The obvious thing is bonuses paid as a lump sum in cash, or if you do work for another company are weekends and are paid in Cash. Send it back marked 'Not Applicable' or 'Nil' in the boxes. They will let you know if they have 'information' that you have another income.

Payments to others

If you are involved in a trade or business and receive payments from other people or entities, these transactions will likely be reported to you and the IRS if they total more than certain amounts during the tax year. Depending on the nature of these payments, the IRS requires the amounts paid to be reported on either Form 1099-MISC in the case of payments for rent, royalties, prizes and awards, substitute payments in lieu of dividends and other items or 1099-NEC if the payments represent nonemployee compensation.
Prior to tax year 2020 these payments usually appeared on Form 1099-MISC. Now, businesses must separately report nonemployee compensation on Form 1099-NEC. Any payments made to employees, including income, retirement contributions, insurance payments, expense reimbursements and travel expenses, typically go on Form W-2. Other than the change for nonemployee compensation, the use of Form 1099-MISC remains mostly the same for payment reporting.

https://www.google.com/search?q=1099+MISC

..
0helpful
2answers

How can we get our 1099 earlier?

Hello, Mary Beth -

You will need to contact the investment institution or whomever / whatever needs to issue a 1099 form to you directly.

Note: Fixya.com is intended as a website for asking and answering questions on how to repair thing and has nothing to do with United States income tax advice.

Best wishes.
Mar 29, 2018 • Finance
0helpful
1answer

I'm trying to find out how to get my Tax 1099 form or whatever it is, for my Boeing stock. I am a retiree.

It's a little early to be expecting 1099s - most will arrive in the mail in the next 2 weeks or so.
0helpful
1answer

Would like tax information on CLECO stock sale

Fixya is an advice forum for do it yourself inclined people that want information of repairing, constructing etc. We do not offer financial or tax accounting advice.
0helpful
1answer

May i havefor incme purposes a 1099

Contact the employer directly and request the 1099.
0helpful
1answer

I need Form 1099-R Tax Year 2013

irs.gov has all forms available for download.
Additionally, many libraries and post offices carry the more popular [common?] ones.
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