Tuesday, March 2, 2010
1099 Not Necessary for the Recipient
Technology Consultant. Last year I went full-time self-employed in August. I earned about 15,000 in that time frame.
How long does the company I worked for have to get me the 1099 stating I made money? They haven't sent it yet, and I'm not sure when they are sending it. I don't want to get in trouble by filing my taxes and claiming the income with no 1099 (and I wouldn't want to file the taxes and not claim the income).
You, the recipient of the 1099, do not need to have a copy of your 1099. It is not sent to the government with your tax return as is the W-2. Just be sure to claim all the income you made. Here's more info 1099s W2s W4s W9s . Never-sent and erroneous 1099s are the reason I encourage indies to keep a record of income. I explain how in my petite publication The Confident Indie: Five Easy Steps.