MicrostockGroup

Agency Based Discussion => Shutterstock.com => Topic started by: sweetgirll on January 23, 2011, 01:29

Title: When do we get those 1099's forms?
Post by: sweetgirll on January 23, 2011, 01:29

I was wondering
when do they mail those 1099 misc to the USA contributors?

Monica

Title: Re: When do we get those 1099's forms?
Post by: weberfoto on January 23, 2011, 10:11

IRS regs say they have to be mailed by Jan. 31

Title: Re: When do we get those 1099's forms?
Post by: Mantis on January 30, 2011, 16:15

You don't have to wait for the forms to do your taxes.  All you need to know is your annual income from microstock and make sure you report it on your taxes.  Keep the 1099 in your tax folder in case you get audited.  I do it that way every year.

Title: Re: When do we get those 1099's forms?
Post by: lisafx on January 30, 2011, 19:07

Quote from: Mantis on January 30, 2011, 16:15

You don't have to wait for the forms to do your taxes.  All you need to know is your annual income from microstock and make sure you report it on your taxes.  Keep the 1099 in your tax folder in case you get audited.  I do it that way every year.

Wow.  I didn't know that.  I always wait to get the forms, even though I keep meticulous records about my earnings.  Some of the sites don't 1099 anyway, so it is best to keep your own records. 

Title: Re: When do we get those 1099's forms?
Post by: cathyslife on January 30, 2011, 20:42

Quote from: lisafx on January 30, 2011, 19:07

Quote from: Mantis on January 30, 2011, 16:15

You don't have to wait for the forms to do your taxes.  All you need to know is your annual income from microstock and make sure you report it on your taxes.  Keep the 1099 in your tax folder in case you get audited.  I do it that way every year.

Wow.  I didn't know that.  I always wait to get the forms, even though I keep meticulous records about my earnings.  Some of the sites don't 1099 anyway, so it is best to keep your own records. 

In the past, I never waited for them either, as I keep my own records. This year I will likely wait for them, as I owe $$ and not in any hurry to file.  :)

Title: Re: When do we get those 1099's forms?
Post by: Mantis on February 06, 2011, 09:32

Quote from: lisafx on January 30, 2011, 19:07

Quote from: Mantis on January 30, 2011, 16:15

You don't have to wait for the forms to do your taxes.  All you need to know is your annual income from microstock and make sure you report it on your taxes.  Keep the 1099 in your tax folder in case you get audited.  I do it that way every year.

Wow.  I didn't know that.  I always wait to get the forms, even though I keep meticulous records about my earnings.  Some of the sites don't 1099 anyway, so it is best to keep your own records. 

Hello Lisa,

To be fair, I suppose that if you don't keep any records and don't want to sift through each sites' earnings pages then you must wait for the 1099's.  As you've said those (like me and you) who keep monthly records of each site can get away with it.  At the advice of my accountant, he just reminds me to maks sure I attach the 1099's to my return when I file it away pending any autits....OH MAN...did I just say AUDIT??  Let's hope not!!!!!

Title: Re: When do we get those 1099's forms?
Post by: klsbear on February 06, 2011, 10:21

I recently read that anyone in the US that itemizes using 1040A or anyone with specific other deductions (something to do with teachers) has to wait until Feb. 15 to file anyway.  The IRS is still updating some of their programming to reflect changes to the tax code made in December.  http://answers.yahoo.com/question/index?qid=20110116083916AA7SpDo (http://answers.yahoo.com/question/index?qid=20110116083916AA7SpDo)

Title: Re: When do we get those 1099's forms?
Post by: WarrenPrice on February 06, 2011, 11:28

They've started arriving.  Got the Shutterstock 1099-misc yesterday (Saturday.)

Title: Re: When do we get those 1099's forms?
Post by: LSD72 on February 07, 2011, 15:34

I got my 1099 form them today. Neat. Now I have proof that I am a Professional Photographer  :P

Title: Re: When do we get those 1099's forms?
Post by: melastmohican on February 07, 2011, 16:19

Right now I got forms from Fotolia, Getty and Corbis. I haven't received one from Shutterstock.

Title: Re: When do we get those 1099's forms?
Post by: lisafx on February 07, 2011, 20:13

Quote from: klsbear on February 06, 2011, 10:21

I recently read that anyone in the US that itemizes using 1040A or anyone with specific other deductions (something to do with teachers) has to wait until Feb. 15 to file anyway.  The IRS is still updating some of their programming to reflect changes to the tax code made in December.  [url]http://answers.yahoo.com/question/index?qid=20110116083916AA7SpDo[/url] ([url]http://answers.yahoo.com/question/index?qid=20110116083916AA7SpDo[/url])

Oh, well there ya go.  We don't have to hurry then.  My husband is a teacher.  Any excuse to procrastinate a bit more ;)

Title: Re: When do we get those 1099's forms?
Post by: ppdd on February 07, 2011, 23:02

I got one from shutterstock today...

Title: Re: When do we get those 1099's forms?
Post by: bittersweet on February 08, 2011, 00:42

mine came today

Title: Re: When do we get those 1099's forms?
Post by: Anita Potter on February 08, 2011, 01:01

I got one from FT the other day (which I think is weird coz I thought all of the agencies don't send them unless you made $600 or more per calendar year) still haven't gotten one from SS yet.  Hopefully this week that will show up.  I'm getting my 1099 forms shipped from the IRS site since you can't download it from there and use it to file wonder what's up with that?