Questions tagged [form-1099-misc]

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6
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1answer
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How to determine whether 1099-MISC income is from self-employment?

I have income that was reported on Form 1099-MISC, Box 7 (nonemployee compensation). I understand that if it is self-employment income, it should be reported on Schedules C and SE, and I would owe ...
6
votes
2answers
1k views

How do I compensate for an incorrect 1099-MISC?

I received a settlement from my former employer for unpaid wages. In addition to the unpaid wages, the settlement also included attorney's fees and statutory damages. (The settlement agreement clearly ...
3
votes
1answer
187 views

Does receiving a 1099-MISC require one to file a tax return even if he normally would not be required to file?

Suppose a person is self-employed and earning below the minimum income at which he is required to file. According to the Form 1040 Instructions Chart C, one of these requirements is: You must file ...
1
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1answer
276 views

Dealing with Form 1099

I'm running a small U.S. business. Some users make profit by referring customers to purchase services from me. I've been told that I have to send form 1099 to both users whom making such profit from ...