sinc720d wrote:

- quote -

You don't have to go to the trouble of making up or
inventing a 1099 form. Just report the income on your 1040
return.

(The 1099-misc, or lack of it, is there problem; not yours.)

cheer$,
Harlan Lunsford, EA
Phenix City, AL

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In tax year 2003, I worked for a privately held company.
The investors in the privately held company paid me a bonus
upon the sale of the company to another firm. This bonus
came directly from their corporation - NOT from my employer.

I realize that this needs to be reported as income - and I'm
guessing that it needs to be shown as "non-employee" income
via a 1099-MISC.

However, I have received no 1099-MISC from the investors.

1) Do I simply create my own? If so, what do I do about
THEIR federal tax ID number? What if they refuse / drag
their feet on the issue?

2) Do I need to place this income on Schedule C or C-EZ?
(Note: I have some legal fees related to negotiating this
bonus that I am hoping to deduct.)

3) Is there any way at all that this income is NOT subject
to FICA? (Note; MY social security portion of FICA will end
up being irrelevant as I have already hit that limit for
2003.)

Thanks to all for your help.

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