@yoya301 wrote:
A 1099 only has the taxable income on it. Reimbursements for expenses required during a shop are not taxable so they are not reported to the IRS.
@Niner wrote:
IF a company were to include reimbursed expenses on the 1099 (From Turbotax)
"Some businesses include reimbursed expenses when reporting their contractors' pay.
Generally, if these expenses were reimbursed using an accountable plan (substantiation such as receipts are provided), there is no need to include these amounts in box 7. Depending on the accounting of the business, some will still include reimbursed expenses as Nonemployee Compensation (box 7).
If you have received a 1099-MISC that has reimbursed expenses included in the amount listed in box 7, you should take a deduction for these expenses when you complete your Schedule C."
@Sobrokeigot2dothis wrote:
@Niner wrote:
IF a company were to include reimbursed expenses on the 1099 (From Turbotax)
"Some businesses include reimbursed expenses when reporting their contractors' pay.
Generally, if these expenses were reimbursed using an accountable plan (substantiation such as receipts are provided), there is no need to include these amounts in box 7. Depending on the accounting of the business, some will still include reimbursed expenses as Nonemployee Compensation (box 7).
If you have received a 1099-MISC that has reimbursed expenses included in the amount listed in box 7, you should take a deduction for these expenses when you complete your Schedule C."
My question which is a simple yes or no question has yet to be answered. I don't know if it is because people are a little slow or they are confused or they are evading me because they know I am laying a mine field that is most certain to blow up their beloved ACL. Again does ACL 1099 you for every cent that they pay you. Yes or no. Quit running and hiding and answer the question so we can get on with the truth!
@Niner wrote:
@Sobrokeigot2dothis wrote:
@Niner wrote:
IF a company were to include reimbursed expenses on the 1099 (From Turbotax)
"Some businesses include reimbursed expenses when reporting their contractors' pay.
Generally, if these expenses were reimbursed using an accountable plan (substantiation such as receipts are provided), there is no need to include these amounts in box 7. Depending on the accounting of the business, some will still include reimbursed expenses as Nonemployee Compensation (box 7).
If you have received a 1099-MISC that has reimbursed expenses included in the amount listed in box 7, you should take a deduction for these expenses when you complete your Schedule C."
My question which is a simple yes or no question has yet to be answered. I don't know if it is because people are a little slow or they are confused or they are evading me because they know I am laying a mine field that is most certain to blow up their beloved ACL. Again does ACL 1099 you for every cent that they pay you. Yes or no. Quit running and hiding and answer the question so we can get on with the truth!
Nobody is hiding. This is the tax law in the United States. I actually found the relevant tax law for you to see. Whether you agree with these policies is something altogether different, which I am not here to debate. I'm not slow by the way, I am a lawyer with three graduate degrees and teach physics and calculus. The only part of me that's slow is the part that feels the need to reply and indulge your baseless arguments.
@Sobrokeigot2dothis wrote:
@Niner wrote:
@Sobrokeigot2dothis wrote:
@Niner wrote:
IF a company were to include reimbursed expenses on the 1099 (From Turbotax)
"Some businesses include reimbursed expenses when reporting their contractors' pay.
Generally, if these expenses were reimbursed using an accountable plan (substantiation such as receipts are provided), there is no need to include these amounts in box 7. Depending on the accounting of the business, some will still include reimbursed expenses as Nonemployee Compensation (box 7).
If you have received a 1099-MISC that has reimbursed expenses included in the amount listed in box 7, you should take a deduction for these expenses when you complete your Schedule C."
My question which is a simple yes or no question has yet to be answered. I don't know if it is because people are a little slow or they are confused or they are evading me because they know I am laying a mine field that is most certain to blow up their beloved ACL. Again does ACL 1099 you for every cent that they pay you. Yes or no. Quit running and hiding and answer the question so we can get on with the truth!
Nobody is hiding. This is the tax law in the United States. I actually found the relevant tax law for you to see. Whether you agree with these policies is something altogether different, which I am not here to debate. I'm not slow by the way, I am a lawyer with three graduate degrees and teach physics and calculus. The only part of me that's slow is the part that feels the need to reply and indulge your baseless arguments.
You are a lawyer so you know very well that you are evading the question. We do not need any basic tax lessons from you or Donald Trump! LOL. All we need to know is a simple yes or no answer. Does ACL 1099 you for every cent that they pay you. Nobody is asking how to write it off your taxes or if you do or dont! Answer the question counselor yes or no!
@Sobrokeigot2dothis wrote:
My question which is a simple yes or no question has yet to be answered.
@sandyf wrote:
I will answer for you. My answer is no. This is based on my own experience and not on a confirmation in any way from ACL or their tax accountants.
@bgriffin wrote:
@sandyf wrote:
I will answer for you. My answer is no. This is based on my own experience and not on a confirmation in any way from ACL or their tax accountants.
Same here. I don't book a lot of fees with ACL but normally have enough reimbursements to go well over $600 and have never received a 1099 from them.