Do I have to count the amount on the 1099-misc on my taxes if it is from a housing stipend for an internship?
452355
Any income reported to you on a 1099-misc has to be reported.
40651
amount earned minus the deduction
792551
1099s are not illegal.  If the company doesn't take out taxes then you are responsible for holding them out of your pay so that you will have your money at the end of the year when you file your taxes.  Any income earned from previous months will be reported under your name, after you incorporate, the date that it goes in effect will start your "new" income. \n\nHowever, I don't know why you would want to incorporate. You have to pay major taxes when you do that.  Maybe you should speak to a CPA to receive the best advice for your situation.
1056263
It depends on your tax bracket and the number of deductions that you claimed on your W-4, if applicable.  If you're an independent contractor with a 1099, then nothing.  A normal W-2, 20-40%, depending on the things above.
120129
Sometimes. Sometimes it is a discounted rent.  One thing to be wary of is that according to the IRS, all rent/utilities, etc that are provided for you are considered part of your income. \n\nExample - you get paid $100/mo and have a $500/mo apartment with paid utilities (averaging $200/mo). You will have to pay taxes on $800/mo If you are not prepared for it, that can be a nasty shock.
143667
Is your 1098 mortgage interest you paid?\nIf so, it goes on Schedule A line 10.\nSo you will have to fill out form 1040 not 1040a
279495
The answer depends on your income, not your withholding or refund or anything else. On the first page of your tax booklet it should say something like "Who has to file?" or "Filing Requirements" If your income falls into the guidelines you have to file a return, period.  Every other consideration as to who is claiming who as a dependendant or how much you may or may not owe or whether or not you got a refund last year is secondary.  The fact that you are a student has nothing to do with anything regarding the amount of your income.
283742
Depends on your circumstance.  Please read the link below to see how you apply to the 1099 and whether or not you need to file.
781131
You can count it as a contribution (money in) and a distribution (money out) if you are a corp.  This has no tax consequence as you are paying yourself back. Normally start up costs are to be amortized.  If you are a sole-proprietor, you can take the profits, it's your money.
834436
If you work on a 1099, you pay self-employment taxes of 15.3%.  You'd pay half of that as FICA deductions if you were an employee, so to compensate for the extra you pay with a 1099, you'd have to make around an additional $12,000 to equal $150K for a W-2 employee.\n\nFringes like insurance depend on what you'd have to pay to get comparable individual coverage, and that depends on your family situation.  You'd have to check around in your area to see what it would cost you, then add that on to the $150K + $12K.  And don't forget items like vacation and sick days - as a contractor, you'll only get paid for the actual hours that you work.\n\nGood luck.
127967
You only have to attach the 1099's if they have FEDERAL INCOME TAX WITHHELD, otherwise no. And yes your assumption is also correct.
433733
http://www.irs.gov/formspubs/article/0,,id=98155,00.html
988724
From the little bit of information you've provided, it is your personal income and you should pay taxes on it. \n\nAdditionally, if the supplier is going to issue a 1099, that would be because you are not a business. A 1099 would normally only be issued to an individual, or because a company does not provide appropriate Federal Tax ID information.\n\nBut to answer your question, about the only way to get the money out of the "business" without having to pay taxes on it would be as a re-payment of monies that you've loaned the "business"
362902
Yes.  You can scream, throw things, and stomp about the house.  Then you have to use the 1099C on your tax return and see what the actual result is.  If you owe money that you don't have, work out a payment plan with the IRS.  Difficult, but it can be done.
240381
If you made over 600 they employer has to give you a 1099. If he has your social I'm sure that he is going to report that you were pd. The IRS will also get a copy of this 1099. So the chances of them looking into it are good. If you make over 400 on a 1099 you have to file. You will file on a 1040 form. Your 1099 income will go on a schedule C. You will also take the expenses form that same form. Just save yourself some money and do it now. If you don't you will pay interest and penalties.
765282
Download the form, estimate the numbers, and fill it out.  Your paystub should show the latest amounts withheld.  You can use the last 2-3 stubs to get an idea of how much is withheld, and estimate what the final numbers will be at the end of the year.
149764
My understanding is yes.\n\nHowever, you can count a percentage of the floor area or number of rooms that are EXCLUSIVELY used for your business. No exclusive, no deduction.\n\nCheck out with a tax accountant to be entirely sure, but I believe that is the rule.