Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-06-2013, 12:32 PM
Junior Member
 
Join Date: Dec 2013
Posts: 1
Asked to submit 1099 for interview expenses

I recently traveled to participate in on-site interviews for a job at a company with whom I am not employed. I incurred expenses for gasoline and hotel -- which the company agreed to pay. In order to be reimbursed for my expenses, I have been asked to complete an expense report and to submit a 1099 so that "I can be set up in the system."

Is it appropriate for me to have to complete a 1099 in this circumstance? If the answer is yes, should the company be supplying me the form? Or should I simply obtain from the IRS site?

I thought this to be a rather unusual request.



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
  #2 (permalink)  
Old 12-07-2013, 03:08 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by tcfx17 View Post

#1:Is it appropriate for me to have to complete a 1099 in this circumstance?




#2:If the answer is yes, should the company be supplying me the form? Or should I simply obtain from the IRS site?
#1;You, as a non –EE payee, do not submit 1099MISC; companies that pay an independent contractor $600 or more for services provided during the year must provide the contractor with a Form 1099-MISC by January 31 of the following year. To be reimbursed for expenses incurred on behalf of a client, the you need to provide an invoice with adequate accounting for expenses to the client. Generally adequate accounting includes a detailed list of expenses and receipts if requested by the client. Assuming the client reimburses valid business expenses, you will not report the reimbursement as income, nor will you deduct the expenses as business expenses. The reimbursement will not be reflected on your Form 1099-MISC



#2;As mentioned above; you do not submit a 1099MISc to the company;however, as long as the biz pays you , an independent contractor, $600 or more for services provided during the year must provide you with a Form 1099-MISC by January 31 of the following year.



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
Ads
Reply



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
Can I change my information once I submit my tax extension? reuben For 2013 1 05-25-2013 07:06 AM
Reimbursed Expenses On 1099 dlmegan S-Corporation 1 04-03-2013 04:01 AM
1099-Misc and expenses JBond Sole-Proprietorship 1 02-04-2012 12:31 AM
travel expenses in 1099 mccarty Miscellaneous 1 02-04-2009 11:15 PM
Can you get taxed on an interview? bmflattm C-Corporation 2 05-30-2008 11:03 AM

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
 
 
 

» Recent Tax Q&A
No Threads to Display.