1099s

Posted By: ks on 2007-01-25
In Reply to: My tax person recommends sending/getting 1099 for all - anna

I am just throwing in my two cents worth here. When I first started doing IC work, the company I worked for NEVER sent me a 1099. I made between 10 and 15k the first year part time, and I still reported it. It was my income that the IRS was concerned with, not whether I received a 1099 or not. What the company did as far as reporting paying an IC, I have no idea. That is their business.

Complete Discussion Below:

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Question about ic - saddleback
- In my opinion on this whole subject..sm - ks
  - My thoughts exactly. Don't want the IRS to ever - anna
    - thank you--sm - ks
- 1099s - Lisa
- May not - Patti
  - In my case, I have been an IC for a long time - but then decided I wanted to sell Avon in
  - My tax person recommends sending/getting 1099 for all - anna
    - 1099s - ks
    - I did not say not to claim it - Patti
      - My tax guy says you do not have to report it if - you did not receive a 1099.
        Dishonest, that is. - nm

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1099s
only if it is 600 dollars or more will you be sent a 1099

I have 1099s and W-2s to deal with
if that helps with feedback on the programs.

anyone know the deadlines for the W2s/1099s to be mailed out by? nm
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Of course pay taxes now. Ever hear of 1099s?
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Anybody started their 2005 taxes yet? How many W-2s or 1099s
will you be getting? Seven for me. I hope they're all here within a reasonable amount of time. My taxes are going to be difficult to do this year as we have a lot of itemized deductions we can take.

Can anyone tell me when 1099s are due out to ICs. I am still waiting for mine with many excuses fro
nm

Question about duplicate 1099s (Same amount - different companies)

I received a 1099 from a business I've never heard of, but the amount was just about right for a company I subcontract for. I asked them if my 1099 would be coming under this other ame and they said no, which made it sound like they didn't even know that company. I proceeded to research the name and found out that the same owner owns both companies with the business on my 1099 now dissolved and in poor standing. I'm confused as to why this happened and requested that my 1099 come from the company I did the work for. They said that is fine and that they would reissue it with that name.

How does this work with the IRS now that they will have two 1099s for me with the same amount, but from different companies. I can only claim one as that is how much I worked, but won't they audit me or something because of this. The business owner said not to worry about. I should probably put a call into my tax man, but was wondering if anyone here has any knowledge with anything like this. It just doesn't seem right and makes me uncomfortable.

TIA