Mixed Insurance Banners Health Insurance for Visitors to USA

Announcement

Collapse
No announcement yet.

Form 1099

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Form 1099

    What is that? I'm doing all the paperwork by myself and this form (1099) is causing me troubles.

    I did a little research and what I figured out is that it's some kinda social security benefits document that is automatically mailed to you every January. My husband says that he never had this mailed to him and he doesn't even know what it is...

    On the social security website I read that if you need a replacement from previous years you have to request it by phone or at a local SS office. Does anyone know how long this may take?

    Thanks everyone!

  • #2
    I've got another question, I'm sorry :/ I'm filing for Adjustment of Status along with Employment Authorization Document. Do I need to submit 4 passport photos all together? 2 for each of the forms: I-485 and I-765?

    Thank you.

    Comment


    • #3
      Yes, 2 PP photos for each application.

      I am not a lawyer and you need to consult with one to validate any info posted on the forum and discuss your case specifics. H1b Question? Read the FAQ first.

      Comment


      • #4
        1099 form

        You are probably doing the Affidavit of Support and are reading about the tax return.

        Income tax returns will have the form 1040 (or 1040A or 1040EZ). That's all some people ever have. But depending on your income or particular situation, the complete tax return could have other papers filled out. Some could be called Form YYYY or Schedule X. Common Schedules are Schedule A (if you itemized deductions), Schedule B (if you get interest or dividends from investments), Schedule D (capital gains and losses--like if you sell stock, you report it), and Schedule C (for self-employed). They will be titled and named Form YYYY or Schedule X at the top of the page. Anything called "Worksheet" is not part of the tax return, but for your records only.

        W2s are issued by employers telling the wages earned and the amount of taxes held out.

        1099s aren't received by everyone, but also show income earned. Some people earn many thousands of dollars each year shown on 1099s so that why they prove income. Some common ones are:
        1099-INT shows interest earned on investments
        1099-DIV shows dividends paid for some stocks
        1099-R shows retirement income, like a pension.

        Your husband may not get any 1099s unless he owns stocks, bonds, money market investments or gets a retirement pension.

        An easier thing to send to make sure you cover everything is get a FREE tax transcript from the IRS. That one thing will be all you need. If you call 1-800-908-9946 (the transcript line) , there is an automated system for ordering transcripts. You'll have to enter your husband's Social Security number and the numbers of your street address. Can't remember if there's anything else like birthdate perhaps. It will generate an automated request to mail the transcripts. They will arrive within a week usually.

        Comment


        • #5
          Originally posted by nichole View Post
          You are probably doing the Affidavit of Support and are reading about the tax return.

          Income tax returns will have the form 1040 (or 1040A or 1040EZ). That's all some people ever have. But depending on your income or particular situation, the complete tax return could have other papers filled out. Some could be called Form YYYY or Schedule X. Common Schedules are Schedule A (if you itemized deductions), Schedule B (if you get interest or dividends from investments), Schedule D (capital gains and losses--like if you sell stock, you report it), and Schedule C (for self-employed). They will be titled and named Form YYYY or Schedule X at the top of the page. Anything called "Worksheet" is not part of the tax return, but for your records only.

          W2s are issued by employers telling the wages earned and the amount of taxes held out.

          1099s aren't received by everyone, but also show income earned. Some people earn many thousands of dollars each year shown on 1099s so that why they prove income. Some common ones are:
          1099-INT shows interest earned on investments
          1099-DIV shows dividends paid for some stocks
          1099-R shows retirement income, like a pension.

          Your husband may not get any 1099s unless he owns stocks, bonds, money market investments or gets a retirement pension.

          An easier thing to send to make sure you cover everything is get a FREE tax transcript from the IRS. That one thing will be all you need. If you call 1-800-908-9946 (the transcript line) , there is an automated system for ordering transcripts. You'll have to enter your husband's Social Security number and the numbers of your street address. Can't remember if there's anything else like birthdate perhaps. It will generate an automated request to mail the transcripts. They will arrive within a week usually.
          Thank you so much Nichole!

          We already got the IRS transcripts for my husband a while ago. I also looked further into his father's tax return papers (he's the household member whose income we're combining with my husband's) and he has Schedule A, C and D forms as well as W2s. My husband got a proof of employment letter from his job stating how much he makes and how many hours he works in a week with the employer's address and phone number on it, I guess that should help. I'm almost done checking things off my list

          Thank you again - to everyone in this forum, I greatly appreciate your help!

          Comment


          • #6
            Originally posted by Jasna View Post
            Thank you so much Nichole!

            We already got the IRS transcripts for my husband a while ago. I also looked further into his father's tax return papers (he's the household member whose income we're combining with my husband's) and he has Schedule A, C and D forms as well as W2s. My husband got a proof of employment letter from his job stating how much he makes and how many hours he works in a week with the employer's address and phone number on it, I guess that should help. I'm almost done checking things off my list

            Thank you again - to everyone in this forum, I greatly appreciate your help!
            Be sure you also prove the father is a US citizen for his income to count. You can send a US birth certificate, US passport bio page, naturalization certificate, or green card if he's LPR. Photocopy will do.

            Comment


            • #7
              Yes, I have a copy of his birth certificate.

              I'm getting the papers ready right now..I was wondering if I should state what I'm sending in on the envelope, for example: Adjustment of Status & Employment Authorization Document? And I'm also not sure when do I make the payment for the fees... The instructions don't really specify, should I do it ASAP?

              Thank you.

              Comment


              • #8
                Originally posted by Jasna View Post
                Yes, I have a copy of his birth certificate.

                I'm getting the papers ready right now..I was wondering if I should state what I'm sending in on the envelope, for example: Adjustment of Status & Employment Authorization Document? And I'm also not sure when do I make the payment for the fees... The instructions don't really specify, should I do it ASAP?

                Thank you.
                My bad. You're supposed to send the check in with the rest of the papers right?
                Ahh..if this turns out right I'll be really proud of myself lol

                Comment


                • #9
                  A Form 1099 is a type of "information return". You get a 1099 form in the mail if you received certain types of income during the year. Generally, you will have to report the information from a 1099 on your tax return specifically if you performed work outside your typical employer. Since the IRS considers any 1099 payment as taxable income, you are required to report your 1099 payment on your tax return. For example, if you earned less than $600 as an independent contractor, the payer does not have to send you a 1099-MISC, but you still have to report the amount as self-employment income. Here is a full details of how to fill up this form. https://zipbooks.com/blog/1099-form-...-guide-filing/
                  And remember the Form 1099 will include your taxpayer identification number, which may be your Social Security number. This way, the IRS will know you received income, and will be expecting to see the earnings documented on your tax return.

                  Comment

                  {{modal[0].title}}

                  X

                  {{modal[0].content}}

                  {{promo.content}}

                  Working...
                  X