I received a 1099 Misc tax form from my job. When is my deadline to file it?
You don’t file the 1099-MISC.If you are a contractor, report the income on Schedule C, and Schedule SE with your tax return. If you are an employee, and the income was also reported on W-2, then report it on Form 8919 with your tax return.
How much does it cost to outsource the printing and filing of 5000 1099 Misc forms?
Most of the larger places in the US will cost you around $4-6 per employee. 5000 is a lot, so I'm sure you'll find someone who will negotiate. So to do it "right" and full-service from a named payroll company, I'm guessing $20,000.Now retail, maybe $2-3 of that is for e-filing services and $2-3 is for printing/mailing. So if employees are printing their own, getting emails, or getting links to a secure FTP site, then maybe you can save half of that by not mailing. Check the rules, but that's pretty common. For the other half, I'd bet plenty of companies have really good deals, including the IRS--I'd bet money they allow you upload a 5,000 line CSV for free or next to it.Of course there's India and stuff--real outsourcing--but I'd have to quintuple check the legalities of sending employee information across international lines, HIPAA and all that. And even if an international outsource printed and enveloped it, you'd have to have it flown here to ship, and you'd have to solve the e-file aspect. As with everything it's a trade-off of how much risk you want to pay to transfer.So negotiating in the real world, I'd bet $10,000 to do it right. These are guesstimates--not quite guesses, but not quite estimates, but a start for your thoughts. Hopefully a payroll accountant will strike me down.
Is there a way to change my 1099 misc filing?
You have not been hired as a "1099-MISC", but as an independent contractor. It's not clear from the facts that you have presented as to whether or not you are actually an independent contractor or an employee, so please read this: Independent Contractor (Self-Employed) or Employee? and then ask yourself if you have been classified correctly.If you believe that you have been incorrectly classified as an independent contractor when you are actually an employee, then you can do a couple of things:File Form SS-8, http://www.irs.gov/pub/irs-pdf/f..., to ask for an IRS determination of your status,File Form 8919, http://www.irs.gov/pub/irs-pdf/f..., with your tax return. Note that you must file the SS-8 before you file your tax return with Form 8919.Realize that if you do this, the IRS will contact the company, so there is some risk to your position here. If you don't want to go this route, I understand - but then you are going to have to file Schedule C and pay the SE tax. The IRS is going after companies that routinely hire people as "independent contractors" who are truly employees, because quite honestly they're pushing their responsibilities onto people like yourself.But if you are properly classified, or if you choose not to challenge the company on this issue, you should look carefully for expenses that you can take against the Schedule C income - supplies that you purchased out of pocket to use at work and for which you have receipts, for example. That will reduce your overall tax burden.
I had my accountant file my 1099 misc form and told me how much I owe in taxes. My question is when is the deadline for me to pay?
I’m confused. The 1099-misc form is sent by a company to entities they have paid money to. It has, at best, only a partial connection to how much tax you need to pay.But if you income tax for a given year, you must pay it no later than the first business day on or after April 15 of the following year. If there was no or inadequate withholding, you may have to make estimated tax payments even sooner.
How do you know if you need to fill out a 1099 form?
Assuming that you are talking about 1099-MISC. Note that there are other 1099s.check this post - Form 1099 MISC Rules & RegulationsQuick answer - A Form 1099 MISC must be filed for each person to whom payment is made of:$600 or more for services performed for a trade or business by people not treated as employees,Rent or prizes and awards that are not for service ($600 or more) and royalties ($10 or more),any fishing boat proceeds,gross proceeds of $600, or more paid to an attorney during the year, orWithheld any federal income tax under the backup withholding rules regardless of the amount of the payment, etc.
How do I file my 1099 MISC tax form?
First of all majority of business and tax documents are filed now in the digitally.Filing the 1099-MISC tax form electronically is easy and straightforward. To prepare any supporting documents needed to complete a sample - you need to be aware of all the data it contains. It has two parts that represent the general contact, identification and tax data and payment details.You can take a closer look at the boxes that you will be required to fill out in this form here: http://bit.ly/2Nkf48f
How can I file a form 1099-misc and a 1099B together, if the 1099-misc is due by January 31st and 1099B won't arrive until February?
I’m guessing that you are the person who is receiving those forms. If that is the case, why are you concerned about filing them? The people (or companies) who made the payments to you are the ones who have to file them — what you get is a copy of what was filed by them. They are “information returns”, filed with the IRS and provided to you to furnish information.The only time you would have to file one of those is if there was tax withheld is a reported transaction, and you need to furnish the proof of withholding with your 1040. But that’s kind of unusual with those forms.Worst case, if you had withholding shown on both a 1099-MISC and a 1099-B, and you had to attach them both to your return, you would just have to wait to file your return. Not a problem unless you make it a problem.