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#6
02-11-2005, 07:24 AM
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 Re: Do I have to claim this? Paul A Thomas wrote: - quote - > <russ[at]russ.net> wrote
Unless of course, the 300$ was not in the course of a> > I did a little work for a company and they paid me $300 and > > didn't take tax out. They also didn't submit a 1099 to the > > IRS or myself because it was under the $600 minimum that > > required them to do so. Do I need to claim this $300 on my > > income taxes? > Yes, Schedule C or C-EZ. regular trade or business, therefore line 21, other income. ChEAr$, Harlan Lunsford, EA n LA Thu 10 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
02-10-2005, 07:27 AM
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| Re: Do I have to claim this? russ[at]russ.net wrote: - quote - > I did a little work for a company and they paid me $300 and
Yes.> didn't take tax out. They also didn't submit a 1099 to the > IRS or myself because it was under the $600 minimum that > required them to do so. Do I need to claim this $300 on my > income taxes? -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
02-10-2005, 06:49 AM
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| Re: Do I have to claim this? "russ[at]russ.net" <russ[at]russ.net> wrote: - quote - > I did a little work for a company and they paid me $300 and
Yes.> didn't take tax out. They also didn't submit a 1099 to the > IRS or myself because it was under the $600 minimum that > required them to do so. Do I need to claim this $300 on my > income taxes? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-10-2005, 06:29 AM
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| Re: Do I have to claim this? russ[at]russ.net wrote: - quote - > I did a little work for a company and they paid me $300 and
Yes. Just because they are not required to issue a> didn't take tax out. They also didn't submit a 1099 to the > IRS or myself because it was under the $600 minimum that > required them to do so. Do I need to claim this $300 on my > income taxes? 1099-misc does not mean that you are not required to report it on Schedule C. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-10-2005, 06:29 AM
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| Re: Do I have to claim this? russ[at]russ.net wrote: - quote - > I did a little work for a company and they paid me $300 and
Yes indeed. ALL income is taxable, regardless of whether> didn't take tax out. They also didn't submit a 1099 to the > IRS or myself because it was under the $600 minimum that > required them to do so. Do I need to claim this $300 on my > income taxes? or not is is/was subject to 1099 reporting. Period ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-10-2005, 05:13 AM
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| Re: Do I have to claim this? <russ[at]russ.net> wrote: - quote - > I did a little work for a company and they paid me $300 and
Yes. If that's the only side income you had, report it on> didn't take tax out. They also didn't submit a 1099 to the > IRS or myself because it was under the $600 minimum that > required them to do so. Do I need to claim this $300 on my > income taxes? line 21 of the 1040. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-10-2005, 04:54 AM
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| Re: Do I have to claim this? <russ[at]russ.net> wrote - quote - > I did a little work for a company and they paid me $300 and
Yes, Schedule C or C-EZ.> didn't take tax out. They also didn't submit a 1099 to the > IRS or myself because it was under the $600 minimum that > required them to do so. Do I need to claim this $300 on my > income taxes? -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-09-2005, 04:14 AM
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| Do I have to claim this? I did a little work for a company and they paid me $300 and didn't take tax out. They also didn't submit a 1099 to the IRS or myself because it was under the $600 minimum that required them to do so. Do I need to claim this $300 on my income taxes? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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