 |
|
|
 |
New Member
|
|
Aug 18, 2008, 06:53 AM
|
|
1099-Misc, Filing Extension
Last year I had been employed by two different companies. I received my tax forms from one company very early this year and proceeded to file the tax forms much earlier than the deadline, April 15th.
Much later, after I had already filed my taxes, I received the form for the other company I was working with. I am a full time student and when I received this form it was in the middle of finals and I had completely forgotten about filing them before the deadline, or getting help to file since I had already filed my taxes. The tax form is for a 1099-Misc and I am not entirely sure how to file this type of tax return. I know it is far past the tax deadline, however I had completely forgot about the tax forms until now. I'm very worried about getting this taken care of, and was wondering what my options are? I know there is an extension to file through October; can I still do this? Any help would be very greatly appreciated!
:confused: :confused: :confused:
|
|
 |
Senior Tax Expert
|
|
Aug 18, 2008, 08:39 AM
|
|
Do NOT worry about the extension; it is too late for that.
You need to amend your 2007 tax return to report the additional income reported on the Form 1099, filing a Form 1040X. Your state income tax return (if you live in a state with an income tax) will also need to be amended.
More than likely, you will also need to complete a Schedule C and a Schedule SE with the Form 1040X to properly account for the Form 1099 income.
If you need professional help to do this, send me a private message for a fee quote.
|
|
 |
New Member
|
|
Aug 18, 2008, 11:57 AM
|
|
 Originally Posted by crockerc
Last year I had been employed by two different companies. I received my tax forms from one company very early this year and proceeded to file the tax forms much earlier than the deadline, April 15th.
Much later, after I had already filed my taxes, I received the form for the other company I was working with. I am a full time student and when I received this form it was in the middle of finals and I had completely forgotten about filing them before the deadline, or getting help to file since I had already filed my taxes. The tax form is for a 1099-Misc and I am not entirely sure how to file this type of tax return. I know it is far past the tax deadline, however I had completely forgot about the tax forms until now. I'm very worried about getting this taken care of, and was wondering what my options are? I know there is an extension to file through October; can I still do this? Any help would be very greatly appreciated!!
:confused: :confused: :confused:
Thank you both so much for the answer thus far! You truly have no idea how much I appreciate this.
As far as obtaining these documents goes, where can I find them/purchase them if needed?
I was able to find a 1040x online, however it is documented for (Nov. 2007) I am not sure if this is acceptable or not. Any advice on the best way to go about this would be great!
THANK YOU!
|
|
 |
Senior Tax Expert
|
|
Aug 20, 2008, 07:07 AM
|
|
CrockerC:
I can help you professionally with the amendment. If you are interested, send me a private message or email me at [email protected].
The forms you need can be found on the IRS website ( www.irs.gov).
|
|
Question Tools |
Search this Question |
|
|
Check out some similar questions!
1099-Misc Filing Questions
[ 1 Answers ]
I received 3 separate 1099-MISC forms. Most of the income is mine but part belongs to someone else and I know I must file a 1099-MISC (and 1096) but I have a couple of questions.
1. Do I have to file 3 separate 1099's for the other person or can I add the amounts all together and file just one...
Filing 1099-Misc
[ 2 Answers ]
I received a bonus from work this year and received a 1099-misc for the amount. I need to file it on my taxes, so that I will have to pay taxes on it. When I enter it under line 7 on the 1099-misc, it asks if the taxpayer should enter or if it will be on sched c line 1. I'm not really sure how...
Filing 1099-MISC
[ 1 Answers ]
I want to file my 1099-MISC online, but I don't know where to start. Most sites I've been to don't offer 1099-MISC forms to file. I don't own a business, but yes, I am self-employed, but I rent a booth in someone else's business. So where do I start? Can I file online or do I have to get...
1099-MISC Tax Filing
[ 1 Answers ]
First time ever reporting income from a 1099-MISC.
ALL income is reported on this form. No other income for 2004.
Total AGI $12,214.
Question: Am I required to pay SSI and MCR taxes? If so, what forms do I use and are there any other recommendations/suggestions/concerns for filing this type...
View more questions
Search
|