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Author Topic: 1099s  (Read 3562 times)

TWOHAND834

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1099s
« on: February 08, 2010, 12:01:53 AM »
Anyone received their 1099 yet?  Usually have mine by now.
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Steven Vance
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SKIDSNAP

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Re: 1099s
« Reply #1 on: February 08, 2010, 08:29:51 AM »
got it on thursday
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SLunsford

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Re: 1099s
« Reply #2 on: February 08, 2010, 08:38:54 AM »
Received mine also.
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StormRoto

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Re: 1099s
« Reply #3 on: February 08, 2010, 10:14:33 AM »
Received mine last Thursday...
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Scraps Z

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Re: 1099s
« Reply #4 on: February 08, 2010, 10:16:34 AM »
Rcvd mine on 2/4
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TWOHAND834

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Re: 1099s
« Reply #5 on: February 08, 2010, 10:37:44 AM »
Thanks guys.  Wonder why I havent gotten mine yet.  Wonder if I need to make a phone call.
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Steven Vance
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Former Classic Products Assistant Manager

thecrapshoveler

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Re: 1099s
« Reply #6 on: February 08, 2010, 10:52:04 AM »
Wow, I have already got mine, filled out my taxes, and received my return!  
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Edited on 2/8/2010 11:53 AM
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Russell

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Re: 1099s
« Reply #7 on: February 08, 2010, 10:55:09 AM »
Steven the key is to strategically bowl poorly so you don't make enough to get one.  That plan has worked to perfection for me two years in a row now.
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Little known fact:  In Russian "Hope" and "Change" translate to "Tax" and "Spend"
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TWOHAND834

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Re: 1099s
« Reply #8 on: February 08, 2010, 11:00:33 AM »
quote:
Steven the key is to strategically bowl poorly so you don't make enough to get one.  That plan has worked to perfection for me two years in a row now.
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Little known fact:  In Russian "Hope" and "Change" translate to "Tax" and "Spend"


LMAO!!!  I actually thought about that one.
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Steven Vance
Former Pro Shop Operator
Former Classic Products Assistant Manager

Russell

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Re: 1099s
« Reply #9 on: February 08, 2010, 11:03:10 AM »
quote:
quote:
Steven the key is to strategically bowl poorly so you don't make enough to get one.  That plan has worked to perfection for me two years in a row now.
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Little known fact:  In Russian "Hope" and "Change" translate to "Tax" and "Spend"


LMAO!!!  I actually thought about that one.
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You just have to be smart about it and use your noggin...I mean really...who wants to have the trouble of walking the few blocks to stand in line for bracket money...and then carrying all of that cash around all weekend...and then getting a 1099?

While you morons go stand in line I'll be running up a bar tab...(and then getting you to pay for it...j/k)
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Little known fact:  In Russian "Hope" and "Change" translate to "Tax" and "Spend"
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golfnutFL

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Re: 1099s
« Reply #10 on: February 08, 2010, 11:12:08 AM »
Normally, employers (banks for interest, contractors to sub-contractors, mortgage tax statements, etc.) are supposed to have them postmarked by 1/31. Due to 1/31 being a Sunday this year, employers (and others) are supposed to have them mailed and postmarked by 2/1 this year.

If you don't have it by Wednesday I would make a call to get a new copy...could be the employer, could be the postal service. In my office I once received mail that was postmarked seven months prior to the date of delivery!
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TWOHAND834

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Re: 1099s
« Reply #11 on: February 09, 2010, 06:08:10 AM »
quote:
Normally, employers (banks for interest, contractors to sub-contractors, mortgage tax statements, etc.) are supposed to have them postmarked by 1/31. Due to 1/31 being a Sunday this year, employers (and others) are supposed to have them mailed and postmarked by 2/1 this year.

If you don't have it by Wednesday I would make a call to get a new copy...could be the employer, could be the postal service. In my office I once received mail that was postmarked seven months prior to the date of delivery!


I am not talking about the W2.  I am talking about the 1099 from USBC.  I have had my W2 from my employer since January 8th.  Get to wait a month while USBC drags their feet and whatever else they can drag to get the 1099.  I may need to give them a call later today if I havent received it yet.
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Steven Vance
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golfnutFL

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Re: 1099s
« Reply #12 on: February 09, 2010, 08:49:36 AM »
I'm not talking about your W2 either. 1099's (1099-MISC, 1099-INT etc) have the same time constraints that a W2 has. Both W2s and all 1099s needed to be postmarked by 2/1/10 this year. Neither your employer or the USBC was legally required to issue you your W2 or any 1099 until 2/1/10.



quote:


I am not talking about the W2.  I am talking about the 1099 from USBC.  I have had my W2 from my employer since January 8th.  Get to wait a month while USBC drags their feet and whatever else they can drag to get the 1099.  I may need to give them a call later today if I havent received it yet.
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TWOHAND834

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Re: 1099s
« Reply #13 on: February 09, 2010, 09:17:26 AM »
Gotcha.  Not sure what the holdup is.  Give it a couple more days I guess.
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Steven Vance
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Former Classic Products Assistant Manager

CPA

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Re: 1099s
« Reply #14 on: February 09, 2010, 10:22:58 AM »
The process to assemble the information to prepare 1099's is significantly different and more time consuming than preparing W-2s.  Either a payroll service company or payroll software program is used to prepare the payroll.  1099's are generated after all disbursements for the calendar year compiled.  In addition there are various types of 1099's that must be filed, not just for winnings.  The most efficient way to prepare the 1099's and associated filings with the IRS is prepare everything at one time.
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