Tax time in the US

Waiting for Google's 1099

[RonS]

I am waiting for my 1099 from Google here on the east coast.

Has anyone received their 1099 from G yet?

[BigDave]

I'm surprised that I haven't gotten any of my 1099s yet. I almost always get a few of them by the 25th.

[jk3210]

Doesn't the law say they must be mailed by 1/31, or is that just an IRS guideline?

[greatstart]

Mine arrived on Feb. 2nd last year. I just send my last estimate in a couple of weeks ago. I already know what I earned for 2006, but it would be nice to have an official document to back it up.

[newbies]

>> Doesn't the law say they must be mailed by 1/31, or is that just an IRS guideline?

Last year because of google's 1009 was late I filed after 1/31. I explain to IRS it was not intentional and I was OK.

[percentages]

I haven't received a single 1099 yet......very odd!

Usually I have them all by now?

I guess it will be like waiting for a bus, no sign for hours....then dozens arrive at once!

It doesn't much matter as I don't need their numbers to file taxes, but, it is odd that everyone this year seems to be very late in sending out 1099's?

Was there a legal change of some type that has complicated the process for the senders?

A number of my affiliate checks are also late this month, is it because the accounts departments are too busy with 1099 processing?

[LifeinAsia]

(According to marketwatch.com)
Apparently, a number of large financial institutions have applied to the IRS for an extension in sending out 1099s. Every year, they get updated information from their mutual funds and have to issue corrected 1099s. So this year many of them are trying to get permission to wait to send them out until the usual batch of corrected information comes in.

[bobothecat]

I've received 1 1099 out of an expected 8... seems things are running slow this year.

As long as you keep pristine accounting records, it shouldn't matter much though... as you should likely know the number(s) being reported.

[spaceylacie]

I was told that I have until 01/31/06 to get 1099s sent for all sub-contracting work over $400 for the 2006 year. This is the time period to get the info to the person who did work for you, more time is allowed to send the IRS their copy. Since we are sub-contractors for Google, the same rule probably applies unless they got some kind of extension or exception. I could use an extension, I will be at the PO mailing my 1099s to sub-contractors last minute. 30 days to organize a year's worth of paperwork doesn't seem like enough time to me.

[LifeinAsia]

30 days to organize a year's worth of paperwork doesn't seem like enough time to me.

LOL! What did you do during the 12 months of 2006?

For the rest of you who also think keeping records is something you only need to do once a year during Tax Time, please do yourself (and your accountant) a favor by investing a couple hundred dollars (cheaper solutions are also available) and buy QuickBooks, or Quicken, or something similar. You can spit out a report of all the contractors you owe 1099s to in just a few clicks.

[jhood]

1099s are supposed to be mailed by Jan. 31. Last time I looked at the calendar it was Jan. 29. (In fact, I just mailed a batch of them to our free lance writers today).

1099s are a pain in the neck for businesses large and small and everyone I know of has trouble getting them out on time.

Reminder: If you are incorporated and have a EIN (employer identification number) instead of a Social Security number, businesses aren't required to send you a 1099, though many will anyway.

[newbies]

Today is Jan. 31, anyone got one's 1099 yet?

[greatstart]

They are running late again this year. Last year, I received the 1099 on Groundhog Day (Feb 2nd).

[celgins]

Employers have until January 31 to send out W2's and 1099's. According to the IRS, this means that they should be postmarked by January 31, but may not arrive in your mailbox for a few days.

The IRS allows some buffer time (up to February 15th) for folks to receive 1099's. If you have not received your 1099's by February 15th, you can contact the IRS for assistance.

I have one 1099 and one W2 still lingering out there.

[spaceylacie]

01/31/06

I guess I'm a year behind on top of everything else, meant to say 2007. I did get my 1099s sent, barely, on time, but have not received one from google yet, should be arriving soon. That's how long they have to send it not how long we can expect to receive it.

[newbies]

received 1099 today

[Swordfish]

Looking for the 1099.. I like to do taxes early...however with the online reports I can get by without it, but like to tie out the figures..

[RonS]

with the online reports I can get by without it, but like to tie out the figures

Exactly...

Nothing like making a small error in 1099 income (say because of an adjustment or whatever) and getting a letter audit because of it.

[elsewhen]

I was told that I have until 01/31/06 to get 1099s sent for all sub-contracting work over $400 for the 2006 year.

i believe the limit is $600

[Swordfish]

agreed.. but here should not be .01 diff from the 1099 and your reports online... just export the payments to .csv and total them up in excel.

[RonS]

1099 rec'd today here on the east coast.

Now, if Amazon's would show up... :D

[ken_b]

Arrived from Google today, Minnesota, USA

[greatstart]

Just received it today (Groundhog Day), same exact day like last year. For some reason, I got 2 separate 1099s. They came in two envelopes, but both were identical. Did anyone else get two by mistake?

[RonS]

Is one marked as "corrected"?

(A little check in the corrected box)

If not you need to contact them pronto to ensure they haven't double reported you. It will likely take them a while to figure it out.

[elsewhen]

For some reason, I got 2 separate 1099s.

did you incorporate during the year... if so, they should give you two 1099s, one for you when it was a sole proprietorship, and one for the corp.

[greatstart]

There was no check mark on "corrected". I did not incorporate either. Both 1099s are identical.

It looks like they just sent me two copies for some reason. Hopefully, the IRS only got one copy.

What I will do before I file in April is go to the local IRS office and ask them to run a check on my account for 2006 to see what they show for income from Google.

[RonS]

I don't know for sure, but I don't think that the IRS will be able to accommodate you in that regard.

If the amount they have from Google is incorrect, Google will have to make the correction to the IRS anyway. You need to contact Google.

Good luck.

[edited by: RonS at 2:47 pm (utc) on Feb. 3, 2007]

[RonS]

Oh boy,

I just got a duplicate 1099 myself, absolutely identical to the first.

I called the phone number on the 1099 and it is a non-working number at Google. So that referred me to the "operator" and the automated voice informed me that the officw isn't open until Monday, of course.

I didn't get a dup last year. Perhaps they feel bad for not sending me either a GoogleGift or a GoogleCard, so they decided to double my tax liability.

/sarcasm

[kirby2]

I received a duplicate 1099 today also.

First 1099 received yesterday, duplicate 1099 received today.

Down to the penny!

The IRS is okay and will understand.

I plan to send a copy of both 1099s and a note with my tax return explaining the duplication.

Houston, Texas

[greatstart]

I plan to send a copy of both 1099s and a note with my tax return explaining the duplication.

Sounds like a good idea. I will do the same.