topic Should I receive a 1099? I am a contract bookkeeper. I was paid over $600 and the company paid me directly with a bank transfer. in Get your taxes done using TurboTax

Should I receive a 1099? I am a contract bookkeeper. I was paid over $600 and the company paid me directly with a bank transfer.

cgordonbookkeepi — Thu, 30 Jan 2020 22:17:40 GMT

I was not included on the 1099 detail report in QBO. I was focused on the contractors working for the company and not on myself.

Re: Should I receive a 1099? I am a contract bookkeeper. I was paid over $600 and the company pai...

DawnC — Thu, 30 Jan 2020 22:35:51 GMT

Yes, if you are an independent contractor, not a corporation, and were paid more than $600, the company that paid you should issue you a 1099-MISC that you report on your tax return. In QuickBooks, your vendor profile should indicate that you are 1099 eligible.

Re: Should I receive a 1099? I am a contract bookkeeper. I was paid over $600 and the company pai...

CGB — Thu, 30 Jan 2020 22:39:53 GMT

I am set up correctly in QBO. For whatever reason, it's not recognizing that I should have been issued a 1099.

Re: Should I receive a 1099? I am a contract bookkeeper. I was paid over $600 and the company paid me directly with a bank transfer.

rhscpa — Thu, 30 Jan 2020 22:46:29 GMT

Yes, the company should send you a 1099. Its easy to forget to include yourself when you're doing the books!

All you need to do is print out a blank form 1099 (from IRS.gov), fill it out, check the "Corrected" box, and mail to the IRS.....and keep your copy of course!

Re: Should I receive a 1099? I am a contract bookkeeper. I was paid over $600 and the company paid me directly with a bank transfer.

CGB — Thu, 30 Jan 2020 22:54:56 GMT

Thank you!