tax return with Form 1099
Oct 27th 2003, 4:39 am
#1
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Thread Starter
Joined: Oct 2003
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Posts: 34
tax return with Form 1099
Im a little bit confused about the tax return for self-employed. Why is that after filed the tax returns or form 1040 it didnt shows the W-2s there nor even attach but the form 1099. How true is it that self-employed have Form 1099 only and not the W-2 earnings? Do i need to submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?... What do you think is the best to submit, the original or the photocopy of this tax returns?
Oct 27th 2003, 2:45 pm
#2
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Posts: n/a
Re: tax return with Form 1099
Best would be to go to a tax service to tell you what is correct. Self
employed can be a tough tax return. Go pay someone who knows. It will save
you time, money and heartache.
Danny
"AgnesOfGod" <[email protected]> wrote in message
news:[email protected]...
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
> --
> Posted via http://britishexpats.com
employed can be a tough tax return. Go pay someone who knows. It will save
you time, money and heartache.
Danny
"AgnesOfGod" <[email protected]> wrote in message
news:[email protected]...
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
> --
> Posted via http://britishexpats.com
Oct 27th 2003, 5:10 pm
#3
BE Forum Addict
Joined: Feb 2003
Posts: 1,350
Re: tax return with Form 1099
Originally posted by AgnesOfGod
Im a little bit confused about the tax return for self-employed. Why is that after filed the tax returns or form 1040 it didnt shows the W-2s there nor even attach but the form 1099. How true is it that self-employed have Form 1099 only and not the W-2 earnings? Do i need to submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?... What do you think is the best to submit, the original or the photocopy of this tax returns?
Im a little bit confused about the tax return for self-employed. Why is that after filed the tax returns or form 1040 it didnt shows the W-2s there nor even attach but the form 1099. How true is it that self-employed have Form 1099 only and not the W-2 earnings? Do i need to submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?... What do you think is the best to submit, the original or the photocopy of this tax returns?
If you have self-employment income for which a 1099 wasn't produced (i.e. less than the threshold required for a payor to generate a 1099 for you) then you are supposed to substitute your *own* 1099 as proof of that income to the extent that you need it to support the self-employment income shown on your tax return.
If you have no idea what the above meant, I second the advice to go to a good tax person to prepare your returns. Since you will need it.
Oct 27th 2003, 6:06 pm
#4
Joined: Apr 2002
Posts: 35,082
Re: tax return with Form 1099
Originally posted by AgnesOfGod
Im a little bit confused about the tax return for self-employed. Why is that after filed the tax returns or form 1040 it didnt shows the W-2s there nor even attach but the form 1099. How true is it that self-employed have Form 1099 only and not the W-2 earnings? Do i need to submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?... What do you think is the best to submit, the original or the photocopy of this tax returns?
Im a little bit confused about the tax return for self-employed. Why is that after filed the tax returns or form 1040 it didnt shows the W-2s there nor even attach but the form 1099. How true is it that self-employed have Form 1099 only and not the W-2 earnings? Do i need to submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?... What do you think is the best to submit, the original or the photocopy of this tax returns?
Conventional Wisdom says: Never submit original documents. Never.
Are you the USC? (you say "his" 1099) If not, please remember that the USC completes the I-134/I-864. I'm making a leap that one of these forms is why you are asking these questions. A Google search may help you find other self-employed completer's of the I-864.
It is generally agreed here that Tax Transcripts are the best way to submit the USC's tax filing history. They will have all the details needed.
Oct 28th 2003, 12:03 am
#5
Guest
Posts: n/a
Re: tax return with Form 1099
AgnesOfGod wrote:
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
Hi All,
If You're Self Employed SSA Publication No. 05-10022
http://www.ssa.gov/pubs/10022.html
How To Report Earnings
You must complete the following federal tax forms by April 15 following any
year in which you have net earnings of $400 or more:
Form 1040 (U.S. Individual Income Tax Return);
Schedule C (Profit or loss from Business) or Schedule F (Profit or Loss
from Farming) as appropriate; and
Schedule SE (Self-Employment Tax).
Even if you don't owe any income tax, you must complete Form 1040 and
Schedule SE to pay self-employment Social Security tax.
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
Hi All,
If You're Self Employed SSA Publication No. 05-10022
http://www.ssa.gov/pubs/10022.html
How To Report Earnings
You must complete the following federal tax forms by April 15 following any
year in which you have net earnings of $400 or more:
Form 1040 (U.S. Individual Income Tax Return);
Schedule C (Profit or loss from Business) or Schedule F (Profit or Loss
from Farming) as appropriate; and
Schedule SE (Self-Employment Tax).
Even if you don't owe any income tax, you must complete Form 1040 and
Schedule SE to pay self-employment Social Security tax.
Oct 28th 2003, 6:44 am
#6
Forum Regular
Thread Starter
Joined: Oct 2003
Location: none
Posts: 34
Re: tax return with Form 1099
Originally posted by Michael D. Young
AgnesOfGod wrote:
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
Hi All,
If You're Self Employed SSA Publication No. 05-10022
http://www.ssa.gov/pubs/10022.html
How To Report Earnings
You must complete the following federal tax forms by April 15 following any
year in which you have net earnings of $400 or more:
Form 1040 (U.S. Individual Income Tax Return);
Schedule C (Profit or loss from Business) or Schedule F (Profit or Loss
from Farming) as appropriate; and
Schedule SE (Self-Employment Tax).
Even if you don't owe any income tax, you must complete Form 1040 and
Schedule SE to pay self-employment Social Security tax.
AgnesOfGod wrote:
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
Hi All,
If You're Self Employed SSA Publication No. 05-10022
http://www.ssa.gov/pubs/10022.html
How To Report Earnings
You must complete the following federal tax forms by April 15 following any
year in which you have net earnings of $400 or more:
Form 1040 (U.S. Individual Income Tax Return);
Schedule C (Profit or loss from Business) or Schedule F (Profit or Loss
from Farming) as appropriate; and
Schedule SE (Self-Employment Tax).
Even if you don't owe any income tax, you must complete Form 1040 and
Schedule SE to pay self-employment Social Security tax.
THANK you so much for all your responds,i gladly appreciate it
my husband is a self -employed. Im just wondering because he sents to me his income tax return with MISC-1099.... he said he is not an employee thats why he dont have the W-2`s...ANyway, a million thanks to all of you again...
Oct 28th 2003, 9:45 pm
#7
Guest
Posts: n/a
Re: tax return with Form 1099
meauxna wrote:
> Originally posted by AgnesOfGod
>
>
>>Im a little bit confused about the tax return for self-employed. Why
>>is that after filed the tax returns or form 1040 it didnt shows the
>>W-2s there nor even attach but the form 1099. How true is it that self-
>>employed have Form 1099 only and not the W-2 earnings? Do i need to
>>submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
>>What do you think is the best to submit, the original or the photocopy
>>of this tax returns?
>
>
>
>
> It is completely true that the self-employed could have only 1099s and
> no W2 earnings.
>
It is also true that a self-employed person might have no 1099's either.
> Originally posted by AgnesOfGod
>
>
>>Im a little bit confused about the tax return for self-employed. Why
>>is that after filed the tax returns or form 1040 it didnt shows the
>>W-2s there nor even attach but the form 1099. How true is it that self-
>>employed have Form 1099 only and not the W-2 earnings? Do i need to
>>submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
>>What do you think is the best to submit, the original or the photocopy
>>of this tax returns?
>
>
>
>
> It is completely true that the self-employed could have only 1099s and
> no W2 earnings.
>
It is also true that a self-employed person might have no 1099's either.
Oct 28th 2003, 9:48 pm
#8
Guest
Posts: n/a
Re: tax return with Form 1099
AgnesOfGod wrote:
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
You don't have the original tax return to submit.
The original return would have been sent to IRS.
A copy of the return should be sufficient. 1099's are not sent with the
return, so I don't think CIS would need them. I don't even know why IRS
wants you to send in W-2s when your employer has electronically sent
them to IRS anyway.
> Im a little bit confused about the tax return for self-employed. Why is
> that after filed the tax returns or form 1040 it didnt shows the W-2s
> there nor even attach but the form 1099. How true is it that self-
> employed have Form 1099 only and not the W-2 earnings? Do i need to
> submit the Tax returns or Form1040 with his Form1099 or MiSC 1099?...
> What do you think is the best to submit, the original or the photocopy
> of this tax returns?
You don't have the original tax return to submit.
The original return would have been sent to IRS.
A copy of the return should be sufficient. 1099's are not sent with the
return, so I don't think CIS would need them. I don't even know why IRS
wants you to send in W-2s when your employer has electronically sent
them to IRS anyway.
