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Do I need to file my 2016 1099-MISC this tax year?
I started working at a job that gets a 1099-MISC. I started working at this job for about 3 months. Would I need to File my 2016 1099-MISC this tax year? Thank you for your help.
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Do I need to file my 2016 1099-MISC this tax year?
It is very important to include all forms that you receive on your tax return.
The IRS has a matching program, and they automatically review returns to make sure that you report all the income that was reported to them. If their system finds a match to your social security number and the income was not reported on your return, you will receive a notice and a bill for unpaid taxes.
Additionally, since it can take them over a year to complete the process, you can also be assessed penalties and interest for any unpaid taxes, which can add up pretty quickly.
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