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My husband is a sole proprietor. He did work under contract
My husband is a sole proprietor. He did work under contract for the same business all year. He received a 1099-Misc listing his income in box 9 as nonemployee compensation (e.g. $200,00.00). Over the … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Chad, You helped me in Feb 9. I built a small development of
Hi Chad, You helped me in Feb 9. I built a small development of 4 homes. I paid 40k to a friend who financed and received the 40k in addition to the regular interest which he sent me a 1098 for.The 40… read more
Chad EA, CDFA®, CFP®
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1099 / 1096 I do understand that the recipients' copy of
1099 / 1096Hello,I do understand that the recipients' copy of 1099 must be postmarked by January 31. If we are electronically submitting the US redcopy of 1096 and 1099s, do we have to submit those by… read more
Lane
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A 1099 MISC was received with Box 3 and Box 7 having
A 1099 MISC was received with Box 3 and Box 7 having figures. Box 3 should go on line 21 on the 1040 correct and box 7 on 1040 Sch C correct? The funds in box three are for cash rewards for contractor… read more
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I receive nonemployee compensation from a handful of Ad Network
I receive nonemployee compensation from a handful of Ad Network companies around the world. The Ad Network companies based in the USA send me a 1099-MISC form with the income I should report in the "N… read more
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I own a small percentage in a rock quarry where I get $1 per
I own a small percentage in a rock quarry where I get $1 per ton sold, I do not participate in the business just collect a check once in awhile. On the 1099-misc should it be marked as box 3 other inc… read more
Tax.appeal.168
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I have income from a non-qualified stock option exercise,
I have income from a non-qualified stock option exercise, which is shown on a 1099 Misc form, in Box 7 (Nonemployee compensation). How and where do I report this income on my taxes?… read more
Bill
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I am self employed so I already file Schedule C. However this
I am self employed so I already file Schedule C. However this year I got 1099-misc for a small Nonemployee compensation. Question where do I report this 1099-misc amount on Schedule C. Since Line 1 in… read more
Jax Tax
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During 2010, I received a single payment of $670 for some simple
During 2010, I received a single payment of $670 for some simple contract work I did for a local realty company. Naturally, I received a form 1099-MISC from them. However, since I have never done anyt… read more
JKCPA
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Certified Public Accountant (CPA)
Bachelor's Degree
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My husband is a sales executive for a contract furniture dealership,
My husband is a sales executive for a contract furniture dealership, for which he gets W2s and pays taxes. However, some of the manufacturers he's worked with offer SPIFF incentives for certain produc… read more
Lev
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My wife works for a company that sells hair care products from
My wife works for a company that sells hair care products from many vendors - L'Oreal, Redken, American Crew etc - to salons. One of the vendors products they sell has issued a 1099-Misc and placed an… read more
Lev
Lev
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I was subpeoned to testify as a paid witness in a hearing during
I was subpeoned to testify as a paid witness in a hearing during 2009 and received over $11,000 for my testimony by the lawfirm that needed that testimony. The law firm is preparing a form 1099 MISC t… read more
Robin D.
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Vocational, Technical or Trade School
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In Oct/2008 I received a monetary settlement ($10,000) from
In Oct/2008 I received a monetary settlement ($10,000) from my employer for hostile work environment/age discrimination suit. My tax person said my employer misfiled this amount on 1099 form as "nonem… read more
Lev
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My husband did side work for a former employer and he hired
My husband did side work for a former employer and he hired some guys to help him. He does not have a business, so how do we go about 1099 the guys who helped, or are we in trouble.… read more
jgordosea
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Bachelor's Degree
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I am helping my son-in-law with their taxes. He received a ...
I am helping my son-in-law with their taxes. He received a 1099-Misc form. Only income, nothing taken out. Trying to find where this money ($850) fits in the return is frustrating. He received the mon… read more
Mark D
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I need to know if I am retired and I am not self employed, ...
I need to know if I am retired and I am not self employed, why I have to pay self-employment tax on monies received on 1099s?… read more
MequonCPA
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Master's Degree
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Should reimbursement for mileage to an independent
When calculating nonemployee compensation for box 7 of the 1099-MISC form, should that amount include mileage reimbursement in addition to payments for services render to an independent contractor? Th… read more
RD
RD
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Master's Degree
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Is a 17 year old exempt from paying self-employment tax
My 17 year old worked part time as a janitor at the high school and received a form 1099-misc with "nonemployee compensation". Is this income taxable and is he required to file a return?… read more
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