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Home > Money & Services > Taxes   »   1099-misc

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Old Jan 8, 2007, 12:42 PM
ktlou73
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1099-misc

I did not recieve a w-2 for 2005 taxes, all I received was a 1099-MISC. How am I supposed to fill out my taxes? What form am I supposed to use?

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Old Jan 8, 2007, 12:44 PM   #2  
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If you recieved a 1099 instead of a W2 then you were considered an independant contractor and not an employee. So you would fill out Schedule C of the 1040 form to report such income.

Note: If you did not have taxes withheld, and you owe a great deal, you might be subject to penalties. If you have 1099 income, you should have been paying a quarterly estimated tax.
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Old Jan 8, 2007, 12:56 PM   #3  
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how do I claim mileage on a work vehicle?
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Old Jan 8, 2007, 01:18 PM   #4  
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You would do this on the Schedule C if your compensation was reported on a 1099. The IRS has a standard mileage rate that you can use or, if you have receipts, you can enter actual expenses.
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Old Jan 8, 2007, 01:20 PM   #5  
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The mileage is claimed under "Car Expenses" on Schedule C.

I STRONGLY recommend you get professional tax help! This return may cost you a LOT in taxes owed, and you need to be able to claim as many deductions as legally allowed.

If you want to use my services, you can contact me at [email address].
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