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Laura1976
Member since 5/05 5754 total posts
Name:
Laura
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Tax Question - 1099 form
Does anyone get a 1099 instead of a W-2?
Part of my income this year is on a 1099, i'm being told that with a 1099, I can write off a lot more against it? is that true?
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Posted 2/19/08 9:43 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: Tax Question - 1099 form
Yup. You sure can!
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| Posted 2/19/08 9:57 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Tax Question - 1099 form
yep, me too. You have to file a schedule C though in addition to the 1040 form.
careful with your write-offs though. the IRS tends to be auditing more of them.
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| Posted 2/19/08 9:59 AM |
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jerrysgirl
I love my hot dog!!
Member since 6/06 5357 total posts
Name:
E & J
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Re: Tax Question - 1099 form
Posted by Blu-ize
yep, me too. You have to file a schedule C though in addition to the 1040 form.
careful with your write-offs though. the IRS tends to be auditing more of them.
schedule c is reported on the 1040.
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| Posted 2/19/08 10:22 AM |
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bomb-blast
bye bye
Member since 11/06 1327 total posts
Name:
Leo
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Re: Tax Question - 1099 form
Posted by Blu-ize
careful with your write-offs though. the IRS tends to be auditing more of them.
This is true. The IRS is more likely to audit a Sched C filer than someone with just W-2's. So just be careful and don't go crazy with the deductions.
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| Posted 2/19/08 10:26 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Tax Question - 1099 form
all the above is true!
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| Posted 2/19/08 10:29 AM |
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