Tag Archives: 1099-MISC
As a carpenter, you’ll spend your days constructing a variety of items for people which incorporate a great level of precision and skill. You’ll need to copy this ability when filing your tax return. With so many different deductions and credits, as well as tax codes, it takes a keen eye to make sure everything […]
— Read moreIf you drive a vehicle for work, whether a bus, truck, or taxi, you can expect to receive a Form W-2 Wage and Tax statement which documents your income and withholdings from your employer. If the option for ‘Statutory Employee” is checked in Box 13, you’ll need to file a Schedule C, Profit and Loss […]
— Read moreAs a maintenance worker, you may either be classified as an employee of a company or you may be considered self-employed. If you are an employee, your employer will provide you with a Form W-2, Wage and Tax Statement. Self-employed maintenance workers can expect a Form 1099-MISC, Miscellaneous Income from those whom they’re contracted with. […]
— Read moreAs an employee, you likely receive wages, salaries or tips from your employer for your services. If so, you must include these amounts as part of your gross income when filing your taxes. Any withholdings are to be included in your income for the year they were withheld. Withholdings include Social Security, Medicare, and income […]
— Read moreAnyone who is self-employed has likely received a Form 1099-MISC at some point in their career. Even if you are self-employed for a part of the year, you will receive a 1099-MISC from each client who paid you in excess of $600 during the year. Basically, this form is similar to a W-2, except it […]
— Read moreMore people are being required to file 1099-MISC forms all over the country, because the IRS is diligent in making sure you pay your taxes – even if you’re an independent contractor. Your client sends a 1099-MISC form to the agency, and the IRS compares it to the form you submit. Ignoring a 1099-MISC is […]
— Read more
