Tax Filing Resources:1099 Forms Brigham City UT
Salt Lake City, UT
Education: BSc (Math)MBA
Years of Experience: 16
IARFC, MDRT, NAIFA
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans
MOUNT PLEASANT, UT
Salt Lake City, UT
Exit Strategy Specialists, LLC
Years of Experience: 26
IARFC, MDRT, FPA
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans
SALT LAKE CITY, UT
St George, UT
M-F 8 am - 5 pm
Tax Filing Resources:1099 Forms
If you earned revenues as an independent contractor this year, you should have received a 1099 Form by the 1099 deadline. So, what if you haven't received one?
If you earned over $600 from one person or company as an independent contractor in a tax year, that company or person is supposed to issue you a 1099-MISC form. The form is applicable to revenues, rents, royalties and other categories of income beyond the scope of this article. In issuing you a 1099-MISC, the business or company is also supposed to send a duplicate of the form to the IRS. This allows the IRS to keep a tab on how much money you earned in a given year. Lucky you.
1099-MISC Forms are supposed to be issued to independent contractors by January 31st each year. Businesses, particularly small businesses, are famous for failing to get the forms out on time. They have to be filed with the IRS by the end of February, so businesses often send them out at that time. If you haven't received a 1099 by the first week or so of March, it is time to take action.
The first step to resolving the problem is to call the business or person and ask about it. Some aren't even aware they are supposed to issue the forms and file them with the IRS. They are focused on their businesses, not tax documents. Giving them a heads up will almost always take care of the problem.
1099-MISC forms are not filed with your tax return. They are information forms only, so failing to receive one is hardly the end ...