Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 01-24-2018, 06:03 PM
Junior Member
 
Join Date: Jan 2018
Posts: 1
Received a W2 and a 1099

I was an outside salesperson in California with W2 employment status. Unfortunately, I had a few bad months and took a draw income - mostly in 2016.

In 2017 I worked for my company for only 3 months.

My former employer provided me with a W2 for earned wages but also a 1099-MISC for the draw amount over $10K for 2017.

I understand there could be significant tax implications for me regarding the 1099.

Is the employer correctly classifying the draw amount as 1099 contractor income or should I submit an S88 form to the IRS?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Did not Received 1099-Div - No tax FED ID # Khalifa91 For 2016 0 04-04-2017 09:47 AM
1099-R received twice for different years for same amt ajaykumar For 2016 0 03-18-2017 12:48 PM
1099-A received - How will this affect me? markopolo Income 1 02-04-2011 02:16 PM
Received incorrect 1099 - what can I do? maconomist Sole-Proprietorship 1 01-21-2011 05:48 AM
Please Help, I received an incorrect 1099 ericbdavies Income 4 02-07-2010 10:51 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning