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Started By
Message
Filing taxes late
Posted on 4/14/13 at 4:35 pm
Posted on 4/14/13 at 4:35 pm
Just ran the numbers and looks like I'm getting a refund for both federal and state.
However, I just realized that I did a small amount of contract work for someone and they didn't send me a 1099 form. So, I need to figure out how much income to add from that work and I'm not sure if I'll be able to get the information tomorrow.
From what I'm reading online, it sounds like there shouldn't be any problem with filing late since I'm owed a refund. Is true for both federal and state filing?
However, I just realized that I did a small amount of contract work for someone and they didn't send me a 1099 form. So, I need to figure out how much income to add from that work and I'm not sure if I'll be able to get the information tomorrow.
From what I'm reading online, it sounds like there shouldn't be any problem with filing late since I'm owed a refund. Is true for both federal and state filing?
7
Posted on 4/14/13 at 4:38 pm to urinetrouble
You can still efile tomorrow I believe...
Posted on 4/14/13 at 4:43 pm to urinetrouble
If you can not get it done tomorrow, file an extension for the Feds(very easy), for state you have till may 15
Posted on 4/14/13 at 5:13 pm to urinetrouble
If they didn't send you a 1099 don't claim it 
Just taking money out of your pocket
Just taking money out of your pocket
Posted on 4/14/13 at 5:18 pm to rintintin
quote:
Just taking money out of your pocket
And illegal , but everybody draws there line where they want to
Posted on 4/14/13 at 6:42 pm to urinetrouble
quote:
I just realized that I did a small amount of contract work for someone and they didn't send me a 1099 form
How small? Under $400 I believe and you don't have to worry about it.
Posted on 4/15/13 at 8:36 am to urinetrouble
If you don't owe anything, just file for Form 4868 to get an extension. On the Form, just show that nothing is due. When you get the correct info, file. If it turns out that you do owe something, you will be responsible for a failure to pay penalty. But, as long as you file by October 15, you will not be hit with the late filing penalty.
Posted on 4/15/13 at 8:39 am to Blastoise
quote:
How small? Under $400 I believe and you don't have to worry about it.
Ummmm...
Posted on 4/15/13 at 8:43 am to urinetrouble
quote:
So, I need to figure out how much income to add from that work and I'm not sure if I'll be able to get the information tomorrow.
Did you deposit the money? Why couldn't you look up your bank statements to see what you deposited?
Also, be sure to deduct any expenses you incurred from performing this work.
They don't have to send a 1099 if the work was below $600.
Posted on 4/15/13 at 9:01 am to CoolHand
quote:
They don't have to send a 1099 if the work was below $600.
I had one 1099 for my taxes and almost positive it said $400
That 1099 cost me a $1200 tax return
I got a $14 tax return instead
Posted on 4/15/13 at 9:06 am to BACONisMEATcandy
quote:
They don't have to send a 1099 if the work was below $600.
I had one 1099 for my taxes and almost positive it said $400
Not required but can send one for any amount
quote:
That 1099 cost me a $1200 tax return
I got a $14 tax return instead
somebodies math is wrong
ETA: point of clarification, the return is what you file, the refund is money you get back
This post was edited on 4/15/13 at 9:08 am
Posted on 4/15/13 at 9:13 am to Tigerpaw123
quote:
somebodies math is wrong
I wish it was... we had a cpa look over it.
quote:
ETA: point of clarification, the return is what you file, the refund is money you get back
Sorry about that
Posted on 4/15/13 at 9:14 am to urinetrouble
If you live Louisiana, state taxes aren't due until next month.
Posted on 4/15/13 at 9:17 am to BACONisMEATcandy
quote:
I wish it was... we had a cpa look over it.
Did they explain why this happened? Made you inelgible for a credit?
Posted on 4/15/13 at 9:17 am to BACONisMEATcandy
I do not understand how $400 worth of income when even taxed at 39% would only have a tax due of $156 could have cost you almost $1200
Posted on 4/15/13 at 9:23 am to Tigerpaw123
quote:
I do not understand how $400 worth of income
I never said it was $400 worth of income
I was referring to someone else's question of if it was under $400 they did not need a 1099 for it
Posted on 4/15/13 at 9:25 am to BACONisMEATcandy
quote:
I had one 1099 for my taxes and almost positive it said $400 That 1099 cost me a $1200 tax return
quote:
I never said it was $400 worth of income
Well now I'm confused.
Posted on 4/15/13 at 9:26 am to BACONisMEATcandy
quote:
I never said it was $400 worth of income
I was referring to someone else's question of if it was under $400 they did not need a 1099 for it
gotcha, i read you post differently, but I have not had my second pot of coffee today either
Posted on 4/15/13 at 9:28 am to CoolHand
that was poorly worded after I re-read it. Here is how I should have stated it.
I had one 1099 for my taxes and almost positive it said $400
My one 1099 that I had to file cost me a $1200 tax return
I had one 1099 for my taxes and almost positive it said $400
My one 1099 that I had to file cost me a $1200 tax return
Posted on 4/15/13 at 9:27 pm to BACONisMEATcandy
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