What are w9 forms for and do I have to do something with it?
I never realized but a mistake was made on the w9 form I signed last year and I haven't been able to contact the employer (they don't answer emails) , I only made $250 and they made me sign the w9. I just recently found out that you have to file self employment tax (even if you don't make enough money to file for taxes) when u get issued a w9 and misc1900 (cuz I got paid more than $600 on a different job). I dont have a work but do I have to include that $250 somehow or can I just ignore it since its under the limit
Again, I'm in school so I don't have to file taxes because I don't make enough
- CarVolunteerLv 61 month ago
Fortunately you don't need the 1099. You just include the $250 as part of your self-employment income. $250 is under the limit where they had to send you one anyway. If you had 10 clients (not employers) and they each paid you $250, you could get anywhere from 0 to 10 1099s. You would have to report the entire $2500 calculated from your records.
- ALv 71 month ago
the W=9 is for you to fill out your information for your employer, they need it to fill out their paperwork for the IRS
- SlickterpLv 71 month ago
You must include it. It is not under the limit. The limit is a TOTAL, not per job. You DO have to file, because you appear to have more than $400 for the year of self employment income. being in school has no bearing on your obligation to file.
- Anonymous1 month ago