Discussion:1099 Miscellaneous
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> 1099 Miscellaneous
Gerald Stoneham (talk|edits) said: | 17 January 2007 |
| Is it legal for a person who works for herself to fill out a 1099 Misc on herself? If yes, secondly can she use her ssn as the payer ID? If yes, will the 1099 Misc qualify her to file electronically? | |
| 17 January 2007 | |
| If she is a sole proprietor, it is not necessary as her income will go on a Sch C. | |
Gerald Stoneham (talk|edits) said: | 17 January 2007 |
| I know that it is not necessary as her income will go to schedule C. I think that the reason she placed it on a 1099 Misc is so that she can file electronically. The software will not allow her to electronically file without a w-2 or a 1099 Misc. | |
Gerald Stoneham (talk|edits) said: | 17 January 2007 |
| I guess that the question now becomes this. Even though her income will go to schedule C, can she legally send herself a 1099 Misc and then deduct her expenses from it using the schedule C Profit and Loss? | |
Gerald Stoneham (talk|edits) said: | 17 January 2007 |
| The software is proseries basic. Any return that does not have any w-2 or 1099 is rejected when you try to file it electronically. | |
| 17 January 2007 | |
| I e-file schedule C clients with no W-2 or 1099-Misc all the time. The lawn guy doesn't get 1099s. Neither does the day care provider. | |
| January 17, 2007 | |
| Gerald - No, definitely don't prepare a 1099 form for a sole-proprietor. There has to be a place for you to enter her gross income on Sch C. | |
| January 17, 2007 | |
| No, it's not legally acceptable, because it makes no sense, and if it makes no sense, you must figure out how to enter the gross income without a 1099 form. | |
Death&Taxes (talk|edits) said: | 17 January 2007 |
| Are you sure you did not enter her income on Line 7 by using the 1099-Misc worksheet? | |
Www.cpa1.biz (talk|edits) said: | 17 January 2007 |
| Hey,
I think Proseries is not allowing Schedule C only individuals to electronically file until a certain date. I remember hearing this for RAL and RT customer and the advance RALs. Call Proseries and ask what is up. | |
| January 17, 2007 | |
| Gerald - D&T is correct. Go directly to Sch C and enter the amount in the top line on Sch C where it says Gross Receipts or Sales (not reported on 1099). That's where it is in ProSeries Pro. Don't use the 1099-Misc worksheet.
| |
| January 17, 2007 | |
| I think JR1 was referring to me above.
Keep in mind that while I do work for Intuit and can occasionally pass along comments that I see here, it takes me time to track down appropriate contacts... time taken away from making TaxAlmanac better. I've never worked on ProSeries, and haven't worked on Lacerte in about 6 years, so I am definitely not the expert on program changes from year to year. The best place to start with issues such as this would be the normal support channels, including the Lacerte and ProSeries discussion forums located in the Community section at http://accountant.intuit.com/ There are several discussion forum areas there for Intuit products, while TaxAlmanac is designed to be product-agnostic (or as close to that as possible). Again, I am happy to help out when I see a problem (such as the one listed on Discussion:ProSeries Support Desk earlier today), but I hope that you don't start looking to me as the initial point of contact. :-) Thanks everyone!
| |
| January 17, 2007 | |
| Oh, but we know how to find you! :) So I need some help with some Romanian returns.... | |
| January 17, 2007 | |
| *laugh* Do you really want a software engineer turned product manager/moderator to help you with that? ;-)
| |
| 18 January 2007 | |
| Gerald, this is a "SWAG": Is it possible that the 1099 was entered as wages (i.e. W-2 earnings) and there's some FIT withheld? E-file would be barred if withholdings are more than 50% of compensation. -- Larry Hess, CPA, Albuquerque, NM - Talk to me | |
