I was told that I would not receive a 1099 form from an employer if I earned less than $600.00. I in fact earned $400. So, If I don't receive a 1099, do I need to claim this as income?
Thanks for any help.
Gianni

Gianni:

The fact that you did not receive a Form 1099-MISC does NOT release you from the requirement to report the income on Schedule C.

NO. If you earned under the reportable non-employee compensation limit, and there is not a 1099 required to be filed with the IRS or State in which you resided during that tax year; you are not required to file a tax return. You may have worked for another business, however, and earned more non-employee compensation which puts you over this limit. So beware of your total earnings if you are considered a non-employee or an independent contractor. Make sure that you are keeping track of everything that you make during a tax year or tax period.
If you do not receive a W-2 or a 1099, but you know that you should have received one, you should contact the employer or business whom you did the work for to earn this compensation, and obtain a copy of the form that you did not receive.

This is my understanding of what needs to happen for the process to run correctly.

Renelmiller:

Ignoring that you are answering a post that is more than five years old, the advice you are giving is NOT accurate.

The IRS DOES require that you report income below the $600 limit that necessitates the origination of the Form 1099-MISC. It is in the Internal Revenue Code.

While a person who reports that income will NOT owe any income tax, there is the self-employment tax requirement.