Hello. As an independent logistics contractor who RECEIVED a 1099 NEC instead of the annual 1099-MISC, being the one who receives the NEC as the payee and NOT the payer who issues it, I don't have to file by Feb 1st do I? Plz help. Thanks!!!!!!!
Question? A PI Law firm would issue a 1099-MISC to Medical offices, where they sent clients to receive services, even if they are INC? And also, a 1099MISC to sub contracted Attorneys?
Our non-profit has always filed 1099 misc box 3 - other income, for our contract workers. Since it wasn't in box 7 can I still continue to file the 1099 misc. Thank you so much.
Miriam, thank you for your question. It depends. Here is a link to the IRS where it describes all the penalties. www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-return-penalties
Hi Ara! Can you please help with a dilemma I am having. I am being offered a job as tax preparer, I dont have a business or business license. The CPA will pay me with a 1099, but I hqve no idea how this works? I live in CA. Am I being paid as contractor? And do I need to have a business license? Pls help!
Hi Lennys, thank you for your comment. Unfortunately, I cannot give tax advice to non-clients, but I encourage you to ask the CPA you are about to work for and check your local city for business licensing requirements.
![How to File Form 1099-NEC & Form 1099-Misc [1099 Filing Requirements & Deadlines] IRS' Form 1099](http://i.ytimg.com/vi/lYLlh85Pldg/mqdefault.jpg)
ACap will not respond to comments seeking tax or financial advice. Please consult a CPA or CFP who is familiar with your individual circumstances.
thank you so very much!!!! i was getting so confused filling out 1099-misc for 2020!
Thank you!
What about a person who have a regular job 12 dollars an hour for 30 hours a week and the employer issue that person a 1099 NEC
Hello. As an independent logistics contractor who RECEIVED a 1099 NEC instead of the annual 1099-MISC, being the one who receives the NEC as the payee and NOT the payer who issues it, I don't have to file by Feb 1st do I? Plz help. Thanks!!!!!!!
What's a 1099 State vs 1099 Federal?
Thank you for this helpful video! Would you advise should I fill 1099-Misc. for non-refundable earnest money from our LLC to the seller?
Question? A PI Law firm would issue a 1099-MISC to Medical offices, where they sent clients to receive services, even if they are INC? And also, a 1099MISC to sub contracted Attorneys?
what if I as contractor not received a 1099 NEC Form?
Our non-profit has always filed 1099 misc box 3 - other income, for our contract workers. Since it wasn't in box 7 can I still continue to file the 1099 misc. Thank you so much.
if i’m a business owner, do i give my employees an NEC?
Hi. Question- for Uber drivers, would you fill out a 1099-NEC or 1099-MISC when you file your taxes?
Thank you for your comment. An Uber driver would most likely receive and issue (if they paid someone $600 or more) a 1099-NEC.
So if I wanted to rent apartment, a proof of a 1099 nec form would be proof of income?
Could you please tell me where should I report payment to attorneys 1099 MISC or 1099 NEC
1099 MISC.
Attorney Fee payments are reported: Box 1 of Form 1099 NEC.
Gross Proceeds from a settlement to an attorney: Box 10 of Form 1099-Misc.
@@djmystery8058 yes you are right, I reported under 1099 NEC
You guys contradicted each other. For attorney fees, are they reported on 1099-NEC or 1099-MISC?
How much are the penalties if filed after the due date?
Miriam, thank you for your question. It depends. Here is a link to the IRS where it describes all the penalties.
www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-return-penalties
Hello Ara, I am a self-employed without receiving a form W2 or 1099. Can you tell me which form I should file for 2021 income tax return? Thanks
Where do I get a 1099 form from
hi, you can get it here: www.irs.gov/forms-pubs/about-form-1099-nec
Can I used the 1099NEC form to pay someone to do work inside and outside of my house?
Yes
Hi Ara! Can you please help with a dilemma I am having. I am being offered a job as tax preparer, I dont have a business or business license. The CPA will pay me with a 1099, but I hqve no idea how this works? I live in CA. Am I being paid as contractor? And do I need to have a business license? Pls help!
Hi Lennys, thank you for your comment. Unfortunately, I cannot give tax advice to non-clients, but I encourage you to ask the CPA you are about to work for and check your local city for business licensing requirements.