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wadesgirl said:I still need to get my receipts in order, I tell myself every year I'll do better!
DebbieJ said:They legally have until the 1st to get them out, so chill!
esavvymom said:I know! You'd think this was a new rule with the IRS - with as many people getting all bothered by it. :balloon: I understand wanting your money and all, but be on the other side of the coin and realize how much work it is for them too. You'll still get your refund in a short time.
crissy11 said:turn right around and claim it as deductions on your business. The necklace is advertising and the products earned are business deductions. I claim everything except my trip amounts.
PamperedchefDaly said:I got mine yesterday, February 1. I was so NOT happy to see that even my necklace for reaching $15K is considered "taxable income". :grumpy: Geesh.
A 1099 form is a tax form used to report income earned from sources other than traditional employment, such as freelance work or self-employment. It is issued by the company or individual who paid you and is used by the IRS to track your income for tax purposes.
If you received income from sources other than traditional employment and earned more than $600, then you will likely need to file a 1099 form. However, it's always best to consult with a tax professional to determine your specific filing requirements.
If you are expecting a 1099 form, it should be sent to you by January 31st of the following year. However, some companies may send them out earlier, so it's important to keep track of all your income sources and follow up with any missing forms.
Yes, you can still file your taxes without a 1099 form. You can use other documentation, such as bank statements or invoices, to report your income. However, it's always best to try and obtain a 1099 form from the company or individual who paid you.
By receiving your 1099 form in a timely manner, you can stay organized and accurately report your income on your tax return. This can help you avoid penalties and make the tax filing process smoother and less stressful. It's also a good idea to keep all your 1099 forms together in a folder or file for easy reference.