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Topic: 1099s  

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melastmohican


Dreamstime GaugeiStock Gauge
« on: February 03, 2012, 17:34 »

I only got one from SS cause it was available for download. I am wondering when others are going to me mailed?


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click_click


Dreamstime GaugeiStock Gauge
« Reply #1 on: February 03, 2012, 17:40 »

Veer was also mailed already.


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disorderly


Dreamstime GaugeiStock Gauge
« Reply #2 on: February 03, 2012, 17:41 »

I've also received my 1099 from Dreamstime.


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melastmohican


Dreamstime GaugeiStock Gauge
« Reply #3 on: February 03, 2012, 17:55 »

I am not sure if this has changed in 2011 but I found  following requirement: "File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year: At least $10 in royalties". So every freaking agency that sent me me at least $10 should sent this form.

http://www.irs.gov/instructions/i1099msc/ar02.html#d0e697
« Last Edit: February 03, 2012, 17:57 by melastmohican »

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cardmaverick


Dreamstime GaugeiStock Gauge
« Reply #4 on: February 03, 2012, 19:01 »

I am not sure if this has changed in 2011 but I found  following requirement: "File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year: At least $10 in royalties". So every freaking agency that sent me me at least $10 should sent this form.

http://www.irs.gov/instructions/i1099msc/ar02.html#d0e697


If they don't send it, it won't matter. It will just be unreported income. At that point, you have a choice about including it in you're declared income or not...


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klsbear

Dreamstime GaugeiStock Gauge
« Reply #5 on: February 03, 2012, 22:08 »

I received one from FT despite the fact that they haven't paid me anything.  I had some accumulated royalties but not enough to reach payout before the end of the year.

SS only sent one based on the payments they made, not any amounts that had accumulated during December follwing the Nov. payout.


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melastmohican


Dreamstime GaugeiStock Gauge
« Reply #6 on: February 04, 2012, 01:24 »

I am not sure if this has changed in 2011 but I found  following requirement: "File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year: At least $10 in royalties". So every freaking agency that sent me me at least $10 should sent this form.

http://www.irs.gov/instructions/i1099msc/ar02.html#d0e697


If they don't send it, it won't matter. It will just be unreported income. At that point, you have a choice about including it in you're declared income or not...


I would include them anyway so if I ever get audited they should audit agencies too :-)


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