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What is the IRS fine ($) for not 1099 getting a 1099 from a contractor?
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I know a 1099 is needed for anyone paid over $600, but what if, for argument sake, one cannot 1099 the contractor because they refuse or don't have a SS#, etc. What are the penalties for this beside not being able to expense the transaction? What does the IRS do?
Can 1099-A be used on Form 982 or MUST it be 1099-C
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Please help! There are conflicting answers even within this forum. I have received a 1099-A for a home I foreclosed on in 2008. On my 1099-A Box 2: Principle Outstanding balance is less that Box 4: FMV. Here is what I would like clarity on please: 1. How do I handle or What form do I use...
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1099-B stock transactions
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I am filing for my stock transactions. Do you need to file a separate 1099-B for every single stock transaction? So if you have 20-30 transactions you need to submit 20-30 1099-B? What is confusing is that in box 2 it wants gross proceeds for the year and than in boxes 1a it wants the date of sale...
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Hi, I am a citizen of India and filing my taxes as a non-resident for 2006. 1.> I received 1099-G of my 2005 state tax refund. In my 2005 federal tax return I had used the standard deduction on line 11 of 1040NR-EZ i.e "Itemized deductions" line since it is entitled to students from India. Is... View more questions Search
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