How much does one have to earn on a 1099-MISC to file taxes?

Answer According to the Internal Revenue Service, you must report any 1099-MISC income over $600 per year. For some circumstances the threshold is even lower (you must report income from royalties once yo... Read More »

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How to File a 1099 MISC Electronically?

If you or your business deals with a lot of independent contractors, you can't use a W-2 to report their earnings to the IRS. Form 1099s are forms that are meant for freelancers and other independe... Read More »

Can i file taxes if i only have a 1099?

Yes, you can file taxes if the only thing you have is a 1099. In fact, you are required to file taxes, even if you do not need to file anything other than a 1099, according to the Internal Revenue ... Read More »

Can I file taxes with no W-2 or 1099?

You can file taxes without a W-2 or 1099, but you have to contact the IRS before you do. If you cannot get a W-2 or 1099-R from your employer, you must contact the IRS and provide them with your in... Read More »

Who needs to file a 1099 with their taxes?

If you worked for a business as a consultant or a contractor, anything other than an employee, and you were paid more than $600 for your services, you will be given a 1099-MISC form. You must file ... Read More »