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#1
01-11-2008, 04:25 PM
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 Re: What Type of Income is reported on 1099-Misc nativecap[at]gmail.com wrote: - quote - > I was hoping to find a list of types of income one must report on a > 1099_Misc form, but couldn't find on at irs,gov. Does such a thing > exist? > My real question is this: if a judge awards you a settlement, does the > company paying the settlement report that money as 1099 income? http://www.irs.gov/pub/irs-pdf/i1099msc_07.pdf -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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01-11-2008, 12:57 PM
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| Re: What Type of Income is reported on 1099-Misc <nativecap[at]gmail.com> wrote - quote - > My real question is this: if a judge awards you a settlement, does the > company paying the settlement report that money as 1099 income? Some times they do. Some times it's correctly reported, other times it's not. Did you get a settlement payment? If so, it'd be helpful to know the basic details behind it to know it's potential tax ramifications. -- Paul A. Thomas, CPA Athens, Georgia -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
01-11-2008, 01:44 AM
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| What Type of Income is reported on 1099-Misc I was hoping to find a list of types of income one must report on a 1099_Misc form, but couldn't find on at irs,gov. Does such a thing exist? My real question is this: if a judge awards you a settlement, does the company paying the settlement report that money as 1099 income? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| 1099misc, income, reported, type |
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