Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

An individual performed services for our company and is not…

Customer Question
An individual performed services...

An individual performed services for our company and is not employed by the company. The individual furnished material for the services as well as the labor, my question is the material included in the miscellaneous income of the 1099 form?

Accountant's Assistant: The Accountant will know how to help. Is there anything else the Accountant should be aware of?

Not that I am aware of

Submitted: 1 month ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 4 minutes by:
3/20/2018
Tax Professional: Lev, Tax Advisor replied 1 month ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,695
Experience: Taxes, Immigration, Labor Relations
Verified

Yes - we need to include the cost of materials

See instructions

https://www.irs.gov/pub/irs-pdf/i1099msc.pdf

File Form 1099-MISC, Miscellaneous Income, for each person in the course of your business to whom you have paid during the year:
At least $600 in:

2. Services performed by someone who is not your employee (including parts and materials), box 7;

.

You may provide an invoice for material - or receipts - or other supporting documents - so the payee will be able to deduct that cost on his/her tax return.

Let me know if that helps.

Ask Your Own Tax Question
Was this answer helpful?
Ask Lev Your Own Question
Lev
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,695
32,695 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

Lev is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,451 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Pearl, We had a condo fire and I don't have a 1099 form for
We had a condo fire and I don't have a 1099 form for my 2017 taxes. I get social security benefits and no other income. How do I find out how much tax I paid on my 2017 benefits? thanks! … read more
abci168
abci168
Principal
27 satisfied customers
My main 1099 form includes a gas payment for travel gigs as
My main 1099 form includes a gas payment for travel gigs as part of the nonemployee compensation. Am I allowed to deduct this separately from the standard mileage deduction when this gas “payment” is … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,939 satisfied customers
I am self-employed (1099-Misc Realtor). If my Taxable Income
I am self-employed (1099-Misc Realtor). If my Taxable Income is $0 even though my adjusted Income is $58,000, is this unusual or something that is so out of balance it could cause a red flag to the IR… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Need a quick 1099 form for my wife's Social Security income.
Need a quick 1099 form for my wife's Social Security income. … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
TO RECEIVE MYW2 FORM ALONE WITH A AND D 1099 FORMS. I HVE
hi.my NAME ***** ***** I AM TRYING TO RECEIVE MYW2 FORM ALONE WITH A AND D 1099 FORMS. I HVE NEVER RECEIVED THESE FORMS, I HAVE FAX THE INFORMATIONTO THEM, REAQUESTING THE INFO. BEFORE SUNDAY THE 15TH… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
1099 form was sent from a business to another business the
1099 form was sent from a business to another business the business that sent the 1099 took out 18% tax also deducted expenses motels gas and mileage. The business that was sent to 1099 has a business… read more
Lev
Lev
Tax Advisor
32,695 satisfied customers
If you have received a 1099-misc form, where do you record
please. If you have received a 1099-misc form, where do you record that income on the 1040A form? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,939 satisfied customers
I have a question about 1099 form. I'm a nonresident alien
Hi Pearl, I have a question about 1099 form. I'm a nonresident alien and own a house and rent it to someone else. During this process I did not hire any agent or independent contractor, but I do have … read more
Marcia Mitrano
Marcia Mitrano
MBA
61 satisfied customers
A Form 1099-MISC was issued to Estate of a deceased person
A Form 1099-MISC was issued to Estate of a deceased person that was an attorney, and reported in Box 14, Gross Proceeds paid to an attorney. How is this reported on the Estate return?… read more
Cole Parker
Cole Parker
Principal/CPA
Bachelor\u0027s Degree
87 satisfied customers
My wife never received here ssa=1099 form. Twice, I
My wife never received here ssa=1099 form. Twice, I requested that it be resent to her current address. They said it would take approximately a month to process the information. Fifty days have pst an… read more
Lev
Lev
Tax Advisor
32,695 satisfied customers
Receive a 1099-MISC for income earned when working for an
Receive a 1099-MISC for income earned when working for an HVAC company. Do I have to pay self-employment tax or can it be filed as income on a 1040 without doing a schedule C or F. It was income only,… read more
Lev
Lev
Tax Advisor
32,695 satisfied customers
We received a form 1099 form from a stock investment
We received a form 1099 form from a stock investment company. The form was dated 2/16/2018. Since, 2017 was the first year we had invested in the stock market we didn't realize that we would be receiv… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,066 satisfied customers
IRS says for State and local taxes on 1099 misc income given
Second opinion] IRS says for State and local taxes on 1099 misc income given to contractor. If the sales taaxes are imposed on you as a buyer and collected from you by the service provider, do not rep… read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
828 satisfied customers
IRS says for State and local taxes on 1099 misc income given
IRS says for State and local taxes on 1099 misc income given to contractor. If the sales taaxes are imposed on you as a buyer and collected from you by the service provider, do not report the sales ta… read more
Lev
Lev
Tax Advisor
32,695 satisfied customers
I am retired and received a 1099 form, but misplaced it. Can
I am retired and received a 1099 form, but misplaced it. Can I get another one? … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I recieved a 1099-misc income form. I was working for a
I recieved a 1099-misc income form. I was working for a local baseball league in the concession stand. When I put the info in my tax return It says that You have not entered your principal business or… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,939 satisfied customers
Amended Form 1099-Misc the original tax year 2017 Form 1099
amended Form 1099-Miscthe original tax year 2017 Form 1099 was understated . How do I correct this… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
TAX: Taxpayer received form 1099-Misc with income reported
TAX: Taxpayer received form 1099-Misc with income reported in box 7 (non-employee compensation) of $4189. The taxpayer performed services as a Substitute Teacher. Is this income reported on SCH C and … read more
Carter McBride
Carter McBride
LLM
966 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x