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    giannidark's Avatar
    giannidark Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 6, 2007, 08:08 AM
    1099 form
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 6, 2007, 10:50 AM
    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.
    renelmiller0120's Avatar
    renelmiller0120 Posts: 13, Reputation: 1
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    #3

    Oct 30, 2012, 05:59 PM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Oct 30, 2012, 07:33 PM
    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.

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