Originated From
WalletPop

Late 1099-MISC received, already received my return, is an extension required to avoid heavy penalties if owe money

I got a late 1099-MISC form in the mail and already received my return for when I filed in early February 2009 with just my W2's. My question is, should I file for an extension if my amendment will be sent off after the April 15, 2009 deadline? I am trying to avoid the hefty failure-to-file by deadline penalities (.05% interest is much better than 5% interest if I owe the IRS money).

Liked this question? Tell your friends about it

Ask a Question... We'll forward it to people who know

More Questions

What is the limit of net worth to avoid probate in Colorado

$60,000 or less lets you use an affidavit instead. The out-of-court affidavit procedure is available in Colorado if the fair market value of property that is subject to disposition by will or state intestate succession law, less liens and encumbrances, is $60,000 or less. (This excludes joint ...

I received a 1099misc for items I sent wholesale ...

If you need to prepare 1099-MISC forms, check out Account Ability 1099 software at www.AccountAbilitySoftware.com

What if a contractor has been paid in full and in 3 months wants paid

Without billing or invoices, no. You are legally entitled to itemized invoices showing where the money was spend, both on materials and labor. This constitutes a legal document. If he has done no further work to produce an invoice showing where the money went, he is not entitled to any monies ...

1099misc how to file

There's a line 21 on the 1040 for Miscellaneous income such as game show winnings. If the income is for rents or royalties, those go on Schedule E. If the income is for agricultural workers, it means you didn't have a valid social security number, but you still owe taxes on the income. You have ...