We have a 1099-A form due to forclosure on, what was, our home mortgage.

Do we need to input the balance, or any other data into the 1040, or is is just for information?

If the information does need to be entered, where?

Thanks...

My attorney was able to negotiate an out of court settlement with a former employer arising from the latter's breach of our employment contract. The attorney has received a 1099 from the miscreant employer and will forward it to yours truly. Yours truly will then write a check = 25% of the negotiated settlement to the attorney. Since the settlement was for lost wages, the understanding I have is that the fees payable to the attorney are tax deductible in the current year. The attorney has told yours truly that the attorney could be paid with a 1099 or words to that effect. Also that the letter of agreement signed with the att'y would suffice if this writer were audited by IRS over the future deduction of the att'ys fees. Any comments?

Are there any restrictions on using your children as part time employees and using a 1099 as opposed to a W2? ie, using them as a freelancer as, opposed to an employee. They will be working in a parent-owned Sole Proprietorship during the summer and as needed during the school year.

Do 1099 employess still qualify for unemployment benefits from their state should they lose their job?

I was an employee of a company and completed all work for them in 2006. But, instead of being paid in full last year, I am being paid in installments in 2007. I am no longer an employee of the company, nor do any kind of work for them. FICA and Federal income tax was being withheld for the first few months of 2007, but I have now been notified that beginning with the next installment I will be treated as an "independent contractor" and nothing will be withheld. I'm trying to figure out how to report the FICA taxes that were previously being withheld.

I am the Administrative Assistant to Professional Event Management, LLC Company. I do the payroll for all of our 1099 Contractors. We frequently get 'Employment verification' calls and I want to know what is legal to give out or not as far as their personal information is concerned.

i am doing a government job in India. I am doing online internet based jobs of USA . whether i have to pay income tax to USA government or not? have i to submit W-8BEN form to IRS ?

Is a collector able to use a 1099/1090 form in order to garnish wages from a voluntary repossession of a vehicle?

My employer, without any notification, has started paying me as a 1099 employee. This was done without my knowledge and when I confronted the employer he denied doing this even though I asked why taxes were not being deducted from my wages. My employer is lying to me telling me that he is paying the taxes and I will not be responsible at the years end but, my check information has been changed to 1099 status. What rights do I have? I have been employed by this company for four years. I am not now and have never been an independent contractor. I have never negotiated any contracts with this employer and as I have stated above this went into effect without my knowledge. After researching 1099 it is clear that my employer has taken advantage of me and has possibly interfered with my ability to take the proper steps to ensure that I have the necessary paperwork, (saved receipts, etc.) to use for legal deductions at the end of the year. Do I have any legal recourse?

I have a similar situatoin as Michelea16. I think the business is going down the drain and she is trying to save money by not having to pay workers comp, etc. She did not tell me she changed my status it was just on my check from the payroll company. What do I do now?

I have just learned that my new owner is planning on issuing 1099 forms to the current employees that have in the past been given W-2's. We are not independent contractors or freelance emmployees and strictly work for this one company. What is an employee's legal responsibility for paying into the IRS, Social Security, etc. if we receive a 1099? Is the employer responsible for the matching Social security, etc. that they pay when the employees receive W-2's or does that save the employer from paying anything and the emmployee is responsible for the full amount. Thanks.

is it true that if you make less than a certain amount of money, you, as an employee does not need to report to the irs?

what is a "sub" is it the same as an independent contractor?

thanks

1.Types of 1099 forms?

2.What is the importance of it?

I've owned a corporation (.INC) since December '06, and have no employees. Can I file my taxes as a freelancer???

I urge you all to take a look at IRS Form SS-8.

If you are tired of being scammed, and tired of seeing others ripped off, go ahead and fill out this form and mail it to the IRS - the more of us who blow the whistle, the less inclined employers will be to try to take advantage of us by misclassifying us as independent contractors.

If you are unable to get unemployment insurance, send this form to the IRS and also talk to your state's department of labor. Your company will end up being audited, and will have to back your witholding taxes for you, plus tons of back taxes. You can use this as a negotiation tool too in case they try to fire you. Just show them this form.

It's disgraceful just how many companies will deliberately misclassify employees and just how far they will go to save a buck. Thankfully, Americans have the resources we need to give them a good kick where it counts.

My husband recently started working on an oil lease and they are saying he's an independent contractor but he gets paid by the hour, told what to do and has a boss, that watches over him and uses their equipment and tools. How do I dispute this when we file our taxes...I am so frustrated cause we are getting shafted and I don't know what to do.

I received tuition reimbursement from my job and was given the maximum $5250 per fiscal year that we are allowed. Do I have to file that on my income taxes?

This past year I worked as an employee, as an independent contractor and had my own business in which I collected income. Do I have to fill out different forms for each? Will a 1040 long form cover it all?

Our non-profit organization is attempting to hire approximately 50 people for a 3 month job in a park. We cannot hire these people as employees, and receive funding. We must hire them as independent contractors utilizing 1099. Our accountant says that this cannot be done, first because each one has to be a business and each one has to have a tax-id number. can you help?

Employers who treat employees as independent contractors may give a 1099 or no tax statements.

The trouble is if you do any thing about it, it could mean your job. So, what to do? I suppose the only thing you can do is report that income on Schedule C and Schedule SE and take some business expenses?

Any other ideas?

I filed bankruptcy last year due to a divorce and not being able to pay for my home. I received a 10099-A form. Will I have to owe the government money or will I get any money back?

We incorporated in July of 2007, but before that we had sub-contract labors. When do I have to have their 1099's sent out by?

I pay spousal support from my taxed pay, should I have my former spouse fill out a 1099?

I was a nanny to a family in the past two years. I watched 5 kids in their house. The family did not withhold FICA, nor did they file quarterly for the unemployment insurance taxes during the time I was working for them. I did not receive a W-2 form or any tax form in the first year. Recently, I received a 1099 from this family. My understanding is that I should be considered as a household employee under the IRS laws, not an independent contractor.

What should I do? I understand that it is my responsibility to pay for my share of taxes; however, I should have been only responsible for 7.5% of FICA tax and my past employer would be responsible for the other 7.5%. Since they have never formerly filed the "nanny tax", they now (for some reasons) decided to send me this 1099 form. I am not quite sure how to report this on my upcoming tax return. I am not a contractor. How do I make this known

Please advise. Thank you very much.

After the death of my Mother I took the cash payout option for my share of her IRA. The 1099 given to me by her financial institution is shows several thousand dollars less than what I received. They say the extra money came from her estate account and they deposited it to her IRA just before they sent me the check.

The extra money appears no where on my 1099 and the financial institution says they don't know how I'm to report this on my taxes. They're not going to send another 1099 for the money from the estate account. Do I need a 1099?

I got a 1099-a for abandonment of property. Amount owing 135,000 FMV 110,000. Do i have to pay taxes on the difference? Can anyone help ? What do I do with this form?

I worked for CO 3 years ago but I never got a 1099. How many years do they have to send me one???

If I rent rooms out of the same house I occupy, am I obligated to put the rent they paid me on a 1099 form to be sent to the IRS?

I worked as an employee for a lady who originally payed me under the table with personal checks, then decided she wanted to be more legitimate and would start 1099ing me last year. but she never gave me any forms and never explained that i would have to file as self employed, so i didn't file at all (made less than $7,000). she now says that i owe thousands of dollars. is this true?

I received a settlement agreement check from a past employer. The employer refuses to send me a 1099 form to file with my tax return. Isn't this form required by law and if it isn't what form is required?