The Small Business Tax Help Blog

Posts Tagged ‘reference’

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Question: How to I report income (from a 1099 MISC form) on my 1040?

Essentially I have misc. income (classified) independent contractor from an odd job. The IRS website tells me to fill out a schedule 1040 C (or CEZ), then a Schedule SE for self employment tax, ok. I think I get that but the 1099MISC has only copies marked for state and recipient, how does the IRS know what I’m filing if there is nothing to attach to the 1040? Doesn’t all income have to have documentation? -This is not the same as a 1099R.

Answer: What the IRS told you, schedule C or C-EZ and schedule S is correct. You don't have to send in copies of the 1099-misc to them. They do already have the info from the person who sent it to you, and can refer to that if they need to check anything. They'll at some point match up the filed returns against the paperwork they already have, and send you a bill for additional taxes if you don't list the amount on your return.

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