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| *The Commerce Journal>>>Other Taxes |
W-2 and 1099 forms? |
Can an employer give a employee a W-2 and a 1099 in the same year and if they do what are examples of who could file these documents and how? The W-2 is used to report employee income. The 1099 MISC is used to report income paid to independent contractors. If you happen to be an employee and an independent contractor for the same company it would be proper from them to send you both. I have also seen this for sales people that get residuals from manufactures for certain items they sell that are passed through the employer. In most cases you would need to attach a Schedule C to your return for the 1099MISC income from which you could deduct any expenses related to that activity. Read this: A w-2 is for employee income. 1099 is for contract labor. If you worked for a company as an employee and also did contract work outside of your regular duties you can receive both legally from the same company for the year. |
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I'm pretty sure you can but you only get a "credit" -- not cash back. ...What in the world are you asking? ...If you wind up owing $3,000 every year, just update your W-4s to have an additional $30 per week in FITW withheld each week. You'll wind up with a small refund. Or, you could sit down toge... Clauses of what? ...You're OK for 2007, even with the lottery win. Workers comp isn't taxable. SSDI can be partially taxable depending on your other income, but you don't have enough for it to be taxa... Yes they can. As long as the other parent doesn't fight it (by caiming the child the same year). If they do then a court order will be necessary. Good luck. ...From what I found: Andorra Anguilla Bahamas Bahrain Bermuda Brunei British Virgin Islands Burundi Cayman Islands Kuwait Monaco Oman Qatar Saudi Arabia St. Kitts and Nevis Somalia ... IRS Pub 547 ... |
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