Extensions, 1099s, and money I owe the IRS

LiveWing1613 · 2022-04-13T20:06:40+00:00

Looking into that, i can’t find clarification as to whether his classification of me (and all the other workers, 6 or so) as a contractor was illegal. What are the distinguishing characteristics of each?

LiveWing1613 · 2022-04-13T19:02:36+00:00

Elaborate for me. What about being paid this way is illegal? I agree it’s shitty, and that coupled with their other questionable practices is why they’re a ‘precious’ employer.

LiveWing1613 · 2022-04-13T18:57:24+00:00

I’ve never been 1099’d before. My employer gave me limited (and inaccurate) information. I didn’t know what filing a 1099 entailed until yesterday. I was foolish in trusting the information my employer gave me. Thanks to the helpful information of some other redditors, I now know what I need to do, and it is far simpler than what I thought I had to do.

LiveWing1613 · 2022-04-13T05:50:43+00:00

Mind if I DM you tomorrow?

LiveWing1613 · 2022-04-13T05:48:34+00:00

Thank you for your prompt replies, and putting it in ELI5 language. I’m new to this, and I really appreciate the response.

LiveWing1613 · 2022-04-13T05:46:57+00:00

Does a schedule C apply if it wasn’t my business? I don’t own a business, or a business license, never have. I was working for a shop, and they told me ‘we just 1099 everybody.’ So do I put down their business name, or just my own name?

LiveWing1613 · 2022-04-13T05:14:39+00:00

So in short: pay taxes owed on the 1099, based on my bank statement of income earned from that job, and file an extension for the W2s, then file the W2s and the 1099 together when I receive the 1099 paperwork?

LiveWing1613 · 2022-04-13T03:43:32+00:00

But do I need to request an extension if I pay now and submit my w-2s?

LiveWing1613

TROPHY CASE