1099-Misc

Forum|Forum|6 years ago
February 5, 2020
1 reply
8 views

I just received an email from a company saying I need to fill out an 1099-MISC. I never received any actual money from them, just online credit (which did exceed $600, but it was all online credit for their website). And I hadn’t heard about it before today, even though I believe the deadline for 1099-Misc is 01/31. I was wondering if this is something I should be getting a 1099-Misc for? I’ve never worked for the company before, and never done a 1099 before so I’m unsure how this works.

DawnC

Level 15

If they paid you money (for anything) in excess of $600, then yes, they are required to send you a 1099-MISC by 01/31. However, you do not fill out the 1099. They complete the 1099 and send it to you. How you handle the 1099 and whether or not it is taxable to you depends on what box the income is reported in and your other income.

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MidnightStar5Author

Level 2

I don’t have other income at the moment. And they didn’t send anything until today (02/04). How would I go about how late they sent it to me?

@DawnC

DawnC

Level 15

You have until 04/15 to file your taxes if you are required to file. So, you are not late, but they are. They could be penalized for filing late 1099s.

Now, to figure out if you need to do anything. What box is the income reported in (3 or 7)? How much is it? And do you have other income (w-2 jobs, other 1099s, self-employment, etc.) to report?

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