topic Employer refuses to give us a 1099misc. We were paid bi-weekly in cash....how do we file this? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/employer-refuses-to-give-us-a-1099misc-we-were-paid-bi-weekly-in-cash-how-do-we-file-this/01/101442#M42995 Is there a form we need to complete to substitute this form? Do we former employees complete to the 1099 with our information? Thank you...we are so confused Sat, 01 Jun 2019 04:25:21 GMT jammiecole2010 2019-06-01T04:25:21Z Employer refuses to give us a 1099misc. We were paid bi-weekly in cash....how do we file this? https://ttlc.intuit.com/community/taxes/discussion/employer-refuses-to-give-us-a-1099misc-we-were-paid-bi-weekly-in-cash-how-do-we-file-this/01/101442#M42995 Is there a form we need to complete to substitute this form? Do we former employees complete to the 1099 with our information? Thank you...we are so confused Sat, 01 Jun 2019 04:25:21 GMT https://ttlc.intuit.com/community/taxes/discussion/employer-refuses-to-give-us-a-1099misc-we-were-paid-bi-weekly-in-cash-how-do-we-file-this/01/101442#M42995 jammiecole2010 2019-06-01T04:25:21Z If your employer does not send you a 1099-MISC, but you s... https://ttlc.intuit.com/community/taxes/discussion/if-your-employer-does-not-send-you-a-1099-misc-but-you-s/01/101451#M42997 <P>If your employer does not&nbsp;send you a 1099-MISC, but you should have received one, you will need to enter this information into the 1099-MISC selection (which will generate a Schedule C - related to Self-employment income)</P><P>If you don't get a 1099-MISC form, you still must report any money you received for work, royalties or services, whether it's for cutting grass or selling a manuscript. The IRS wants to know about all your income. You list your miscellaneous income on a Form 1040 Schedule C, Profit and Loss from Business. Add smaller payments to money that was reported on a 1099-MISC and put the total on the "gross receipts" line. You just have to note the total, not list where it came from.</P><P>Include all your miscellaneous income to calculate your Profit and Loss from Business. Add up everything you received, with or without a 1099, and subtract your expenses to get a net profit. Report that profit on line 12 of your Form 1040. You'll also have to fill out a self-employment tax form if your total miscellaneous income is more than $400.</P><P> </P><P>You're not likely to get caught by the IRS if you don't report $200 or $300 you got in cash for some work, but if you're ever audited and do get caught, you'll face serious penalties. Any payment you got with a check but wasn't reported to the IRS on a 1099 still can leave a paper trail for the IRS, if the payer claims a deduction for paying you. It's best to be honest with the IRS even if it costs you a buck or two.</P><P>To complete our tax return you can choose TurboTax Home &amp; Business (desktop version) &nbsp;<A href="https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp" target="_blank">https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp</A>&nbsp; or TurboTax Self-Employed &nbsp;(online version)&nbsp;<A href="https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp" target="_blank">https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp</A></P><P> <B>Below is the"Missing 1099-MISC" workaround in TurboTax:</B> </P><P></P><P> <B>ONLY do the following if you will NOT be receiving a FORM 1099-MISC but you need to report cash/income as Self-employment Income:</B> </P><P></P><P>To enter this transaction in TurboTax Online or Desktop, please follow these steps:</P><P></P><UL> <LI>To enter this transaction in TurboTax, log into your tax return and type "1099-MISC" in the search bar then select "jump to 1099-MISC". TurboTax will guide you in entering this information</LI> </UL><P></P><OL> <LI>Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home &amp; Business)</LI> <LI>Next click on “Wages &amp; Income” ("Personal Income" in TurboTax Home&nbsp;&amp; Business)</LI> <LI>Next click on “I’ll choose what I work on” (or "jump to full list")</LI> <LI>Scroll down the screen until to come to the section “1099-MISC and Other&nbsp;Common Income ” (show more)</LI> <LI>Choose “Income from Form 1099-MISC"</LI> <LI>Enter the employer name and an amount in box 7 (screenshot #1) continue</LI> <LI>Enter type of work (ex. "Construction") continue</LI> <LI>Work through the questions - If main job - yes (if "no" - then yes to intent to make money)</LI> <LI>After the&nbsp;screen about being able to take expenses, you will be asked "Did you get another 1099-MISC for "job"?</LI> </OL><P></P><UL> <LI>Answer "no" (screenshot #2)</LI> </UL><P></P><UL> <LI>Did you get cash or other income for "job"?</LI> <UL><LI>you can enter this additional cash related to this job here (screenshot #3)</LI></UL> <LI>Next you will be asked to input expenses related to his work. Finish this select</LI> </UL><P><B>Important -</B>&nbsp;You now need to go back and edit your 1099-MISC input and remove the box 7 information (if you do not, it will double your income from this job (screenshot #1 - remove box 7 info)&nbsp;<U>Once this information is removed, you will not be able to review your inputs</U>. If you need to review, put an amount in box 7 to review but make sure that you remove it again or it wll be included on your Schedule C</P><UL> <LI>To review what amount is being reported on Schedule C, log into your return, go to My account&gt;tools&gt; preview Tax summary&gt;preview 1040. Schedule C amount will show on line 12</LI> </UL> Sat, 01 Jun 2019 04:25:23 GMT https://ttlc.intuit.com/community/taxes/discussion/if-your-employer-does-not-send-you-a-1099-misc-but-you-s/01/101451#M42997 Patrice 2019-06-01T04:25:23Z
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topic Employer refuses to give us a 1099misc. We were paid bi-weekly in cash....how do we file this? in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/employer-refuses-to-give-us-a-1099misc-we-were-paid-bi-weekly-in-cash-how-do-we-file-this/01/101442#M42995
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Is there a form we need to complete to substitute this form? Do we former employees complete to the 1099 with our information? Thank you...we are so confused
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Employer refuses to give us a 1099misc. We were paid bi-weekly in cash....how do we file this?
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https://ttlc.intuit.com/community/taxes/discussion/employer-refuses-to-give-us-a-1099misc-we-were-paid-bi-weekly-in-cash-how-do-we-file-this/01/101442#M42995
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Is there a form we need to complete to substitute this form? Do we former employees complete to the 1099 with our information? Thank you...we are so confused
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If your employer does not send you a 1099-MISC, but you s...
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<P>If your employer does not&nbsp;send you a 1099-MISC, but you should have received one, you will need to enter this information into the 1099-MISC selection (which will generate a Schedule C - related to Self-employment income)</P><P>If you don't get a 1099-MISC form, you still must report any money you received for work, royalties or services, whether it's for cutting grass or selling a manuscript. The IRS wants to know about all your income. You list your miscellaneous income on a Form 1040 Schedule C, Profit and Loss from Business. Add smaller payments to money that was reported on a 1099-MISC and put the total on the "gross receipts" line. You just have to note the total, not list where it came from.</P><P>Include all your miscellaneous income to calculate your Profit and Loss from Business. Add up everything you received, with or without a 1099, and subtract your expenses to get a net profit. Report that profit on line 12 of your Form 1040. You'll also have to fill out a self-employment tax form if your total miscellaneous income is more than $400.</P><P> </P><P>You're not likely to get caught by the IRS if you don't report $200 or $300 you got in cash for some work, but if you're ever audited and do get caught, you'll face serious penalties. Any payment you got with a check but wasn't reported to the IRS on a 1099 still can leave a paper trail for the IRS, if the payer claims a deduction for paying you. It's best to be honest with the IRS even if it costs you a buck or two.</P><P>To complete our tax return you can choose TurboTax Home &amp; Business (desktop version) &nbsp;<A href="https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp" target="_blank">https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp</A>&nbsp; or TurboTax Self-Employed &nbsp;(online version)&nbsp;<A href="https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp" target="_blank">https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp</A></P><P> <B>Below is the"Missing 1099-MISC" workaround in TurboTax:</B> </P><P></P><P> <B>ONLY do the following if you will NOT be receiving a FORM 1099-MISC but you need to report cash/income as Self-employment Income:</B> </P><P></P><P>To enter this transaction in TurboTax Online or Desktop, please follow these steps:</P><P></P><UL> <LI>To enter this transaction in TurboTax, log into your tax return and type "1099-MISC" in the search bar then select "jump to 1099-MISC". TurboTax will guide you in entering this information</LI> </UL><P></P><OL> <LI>Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home &amp; Business)</LI> <LI>Next click on “Wages &amp; Income” ("Personal Income" in TurboTax Home&nbsp;&amp; Business)</LI> <LI>Next click on “I’ll choose what I work on” (or "jump to full list")</LI> <LI>Scroll down the screen until to come to the section “1099-MISC and Other&nbsp;Common Income ” (show more)</LI> <LI>Choose “Income from Form 1099-MISC"</LI> <LI>Enter the employer name and an amount in box 7 (screenshot #1) continue</LI> <LI>Enter type of work (ex. "Construction") continue</LI> <LI>Work through the questions - If main job - yes (if "no" - then yes to intent to make money)</LI> <LI>After the&nbsp;screen about being able to take expenses, you will be asked "Did you get another 1099-MISC for "job"?</LI> </OL><P></P><UL> <LI>Answer "no" (screenshot #2)</LI> </UL><P></P><UL> <LI>Did you get cash or other income for "job"?</LI> <UL><LI>you can enter this additional cash related to this job here (screenshot #3)</LI></UL> <LI>Next you will be asked to input expenses related to his work. Finish this select</LI> </UL><P><B>Important -</B>&nbsp;You now need to go back and edit your 1099-MISC input and remove the box 7 information (if you do not, it will double your income from this job (screenshot #1 - remove box 7 info)&nbsp;<U>Once this information is removed, you will not be able to review your inputs</U>. If you need to review, put an amount in box 7 to review but make sure that you remove it again or it wll be included on your Schedule C</P><UL> <LI>To review what amount is being reported on Schedule C, log into your return, go to My account&gt;tools&gt; preview Tax summary&gt;preview 1040. Schedule C amount will show on line 12</LI> </UL>
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