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Thread: my 1099 taxes about filing

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    Tired my 1099 taxes about filing

    So the club at where I work has us do a 1099 and last year they got my address wronf and never sent me my 1099 so I hope that does not screw with my 2013 1099 taxes since they were not filed. I also just recieved my 2014 taxes from them since they could give two shits about they girls and are only money hungry. So when he gave me my tax form (5 days left to get every thing together to file taxes) he had some smart ass comment to say to me about how I have not been there lately. Anyways my 2013 tax for said i made 10k but they only count the VIPs that are paid in credit card and my 2014 taxes said I made a little over 11k in VIP credit card dances. I just recently went to H&R block to give them this rax form and the accountant told me since I do not have recipiets that I will need to pay over 1000$ in taxes if I heard her correctly. It makes me not want to even file taxes because I have to get all this stuff from my school and credit card statements and statements from amazon since i never saved my reciepts. I do not want anything bad to happen to me in the future like jail or pay a huge fine up the ass but this is a huge hassle since they just now gave me my statement and i had no idea I was supposed to save reciepts I am broke. Seriously. Also since i could not file in 2013 what will happen? I had no choice they never sent me my tax form for 2013 until now even though I asked constantly.

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    Default Re: my 1099 taxes about filing

    Even if they got your address wrong, if they had your SSN and name, the amount reported is still linked to you and it will still show up as you not having filed for 2013...the IRS really don't care if you did or did not get your copy of the 1099. If you have deposit slips or a rough estimate of whatever you made you can jump the gun with your taxes and just estimate how much you made and file retroactively. But you will need an accountant for that and be prepared to pay the penalties for a late tax return.

    Get an accountant that specializes in dancers/small businesses. My guy was knowledgable about house fees and writing them off and I ended up owing VERY little for this year. There are ways around paying the $1000 or whatever you owe if you can write stuff like that off. Your club may even be able to send you a print out of the days you worked/how much you paid because technically you can write that off as a "business expense."

    Get it done soon though...the later you wait the more likely you are to face a larger penalty (for 2014 as well!)

    Also, you do want to file taxes. Even if you owe, it is 100% to your advantage. The only certainties in life are death and taxes...nobody likes it, but it's part of being a grown up. Your future self will thank you when you need proof of income (i.e. tax returns) to buy a house, car, ect...

    I was in a similar situation...hadn't saved much money, kept track, kept receipts...but there is a TON of info on here and I did my research and got into "business mode" and treated myself like a small business. It's not too late, just please get a good accountant! I'm in Chicago too and if you wanna PM you I can send you my guys info. He's great. He cost like $150 to do my taxes but in terms of what he helped me write off TOTALLY worth it.

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    Default Re: my 1099 taxes about filing

    I just recently went to H&R block to give them this rax form and the accountant told me since I do not have recipiets that I will need to pay over 1000$ in taxes if I heard her correctly. It makes me not want to even file taxes because I have to get all this stuff from my school and credit card statements and statements from amazon since i never saved my reciepts. I do not want anything bad to happen to me in the future like jail or pay a huge fine up the ass but this is a huge hassle since they just now gave me my statement and i had no idea I was supposed to save reciepts I am broke. Seriously. Also since i could not file in 2013 what will happen? I had no choice they never sent me my tax form for 2013 until now
    In truth, it's a bit surprising that the IRS hasn't already 'tracked you down' based on an IRS computer cross-check of the 2013 club issued 1099 not being able to find a matching 2013 tax return on file. In that regard, it is far better to file a late 2013 tax return BEFORE the IRS can cite you for failing to file a tax return altogether.

    This is a perfect situation to file for a 120 day 'Filing Extension' for 2014. The extra 4 months will allow you the time necessary to track down the receipts needed to accurately file 2013 and 2014 tax returns. If you have tuition tax credits involved, and a significant amount of 'business expense tax deductions' available via your Amazon purchases, etc., tracking down your 'missing paperwork' could substantially reduce the taxes you owe.

    Unfortunately, you'll still need to make a $2,000-ish quarterly estimated tax payment to the IRS by this coming Wednesday's deadline to more or less cover the amount you owe in 2013 and 2014 taxes.

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    Default Re: my 1099 taxes about filing

    If I do that extension I have to pay about 2k why is that? Im seriously so broke from rent and school and other things and life I truely can not afford that. 😩🔫PHP][/PHP]

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    Default Re: my 1099 taxes about filing

    I dont understand the quarterly part can you explain that more?

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    Default Re: my 1099 taxes about filing

    ^^^ roughly speaking, you are likely to owe $1000 in unpaid 2013 taxes on your reported $10,000 income, and owe another $1100 in 2014 taxes on your reported $11,000 income, total ~$2000 or so. I could be way off on those figures though, depending on whether ... as a college student ... you are unable to claim yourself as a dependent on your own tax returns because your parents have already claimed you as their dependent ( and your parents may have also already claimed your tuition tax credits ).

    If you are still a dependent of your parents, you need to be serious about getting your taxes in order because the inclusion of your social security number on your parents' tax returns is likely to result in the IRS auditing both you AND your parents once they track down the 'unmatched' 2013 1099 your club sent out.

    FAFSA may also take an interest, since your past eligibility for student grant money was based on total reported 'household' income ... which includes both your parents income, and your own so far unreported income. If your additional $10,000 in 2013 income would have reduced / eliminated your eligibility for grant money, FAFSA may demand immediate repayment of the 'difference' from your parents.

    In regard to quarterly estimated tax payments, this is the rough equivalent of employer tax withholding which is done for workers at 'straight' jobs. Basically, instead of weekly withholdings from employee paychecks, self-employed people like dancers are required to self-withhold a percentage of their earnings and send that money to the IRS every 3 months. Thus, technically speaking, by this coming Wednesday, you will not only owe the IRS all of the tax money due on dancing income you earned from January 1 through December 31 of 2014, but you will ALSO owe the IRS the ( estimated ) tax money due on dancing income you earned between January 1 and March 31 of 2015 --- i.e. another $250 or so if your dancing earnings have been pretty much the same as in the past.

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    Default Re: my 1099 taxes about filing

    Youre scaring me! well i have lived on my own for the past 2 years so i hope they have not claimed me on taxes. I would file earlier but the club is useless when it came to giving me my paperwork, it was like pulling teeth!

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    Default Re: my 1099 taxes about filing

    ^^^ are you age 24 or older ? Are you married ? Did you fill out your own FAFSA forms ? If not, then from FAFSA's standpoint you are still a dependent of your parents and your grant eligibility is based on the combination of your parents' income plus your own income.

    From an IRS standpoint, whether you are considered to be a dependent or not is based on the amount of money you earned, and the percentage of your total 'support' which you provided for yourself versus that which was provided by your parents. If you didn't file a 2013 tax return, and didn't tell your parents that you had ~$10,000 worth of 'independent' income, odds are you were claimed as a dependent on your parents' 2013 tax return. If you didn't tell your parents about your ~$11,000 worth of 'independent' income in 2014, odds are that you were claimed as a dependent on your parents' 2014 tax return as well. Depending on how the dollars earned thresholds and other details work out, your parents may wind up having to file amended tax returns for 2013 and 2014, as well as having to 'pay back' the IRS for dependent exemptions, tuition tax credits, etc. which they weren't 'entitled' to claim.

    Again don't take my speculations as 'gospel'. You need to talk to a good accountant ... and quickly !!! Preferably the same accountant your parents use to prepare their own tax returns, since only that accountant will know details of both your own and your parents tax and earnings situations.

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    Default Re: my 1099 taxes about filing

    Im 23, not married and i file the fafsa under my mom but i never lived with her she makes less money. I just turned 23 so ill be filing my own fasfa as of now.

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    Default Re: my 1099 taxes about filing

    ^^^ if you were under age 24 in 2013 and 2014, if your mom's earnings were less than your own earnings, if your mom is named on past FAFSA applications, and if you didn't add in your own income on past FAFSA applications, you definitely need to talk to a good accountant ASAP !!! The fact that you don't live with your mom really isn't a major factor to FAFSA but it probably will be to the IRS.

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    Default Re: my 1099 taxes about filing

    No not less than me im sure of that shes a CNA. I meant less than my father.

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    Default Re: my 1099 taxes about filing

    ^^^ That only complicates dependent status questions even further !

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    Default Re: my 1099 taxes about filing

    If its a major factor to the irs then i dont get it? I cant apply for my own fafsa until 23 and i live alone in my own place so i cant file under my own name until i was 23 so i had to file under one of my parents. I moved out to go to college. Why would the irs get me in trouble for that?

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    Default Re: my 1099 taxes about filing

    Well their divorced i cant control all the dependency status. The IRS is way to controlling wtf do they want from me...ugh

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    Default Re: my 1099 taxes about filing

    ^^ the IRS isn't trying to get you in 'more trouble'. However, the IRS may try to collect more money from you, while having already collected LESS money from your mother. The dependency question affects whether you, or your mother, get to claim your dependent tax exemption, your tuition tax credit etc. - thus affecting how much money you yourself might be required to pay in 2013 and 2014 taxes. IRS 'troubles' over dependency status would only start if both you and your mother attempt to claim your dependent exemption and/or your tuition tax credit. Thus the need to see a good accountant ... preferably an accountant with knowledge of both your mother's and your own earnings and tax situations ... to make sure that only one of you claimed your dependent exemption, your tuition tax credit, etc. for 2013 and 2014.

    This isn't yet a concern, because you haven't yet filed 2013 or 2014 tax returns. When you do file, if you attempt to claim your personal exemption and tuition tax credit on your own tax returns, and IRS computers match up your social security number to your mother's previously filed tax returns already claiming your dependent exemption and your tuition tax credit, this will result in near immediate 'trouble'. IRS computers may refuse to 'accept' your electronically filed tax return because the IRS computer cross-check may turn up duplicate exemption claims, and duplicate tuition tax credit claims, in a matter of seconds.

    If there is any question regarding which one of you actually provided 51%+ of your financial 'support', the IRS may initiate an audit of both your own and your mother's tax returns. If the numbers indicate that you earned enough money to provide 51%+ of your own support, it's very possible that your mother will be forced to file amended 2013 and 2014 tax returns which do NOT claim your dependent exemption or tuition tax credit, along with your mother being forced to pay back the IRS for the ( additional ) taxes she previously avoided paying by ( incorrectly ) claiming your dependent exemption and tuition tax credit. On the flip side, if the numbers indicate that you earned enough money to provide 51%+ of your own support, being able to claim your personal exemption and tuition tax credit on your own tax returns will significantly reduce the dollar amount of taxes you must pay to the IRS.

    However, IRS 'troubles' may arise for other reasons ... specifically your failure to file a 2013 tax return while a strip club 1099 was sent to them indicating you had more than enough 2013 income to require you to file. The degree of 'trouble' in this regard really depends on whether or not you late file a 2013 tax return first, or the IRS sends you a 'failure to file' notice first.

    Potential FAFSA 'troubles' don't have anything at all to do with your dependent status. They have to do with the fact that the FAFSA application which your mother filed on your behalf to seek 2014 student aid to help pay your college tuition was only based on your mother's 2013 income ... not the required 'total household income' which includes the total of both your mother's 2013 income and your own 2013 income ( which is the case whether you're actually living in your mother's 'household' or living separately). As such, FAFSA may have already paid out an amount of 2014 student grant money which your combined 2013 income levels would not allow you to qualify for. If so, FAFSA is going to come looking for your mother to repay any difference between the amount of 2014 student grant money they actually paid out, and the ( lower ) amount of grant money they would have actually approved, had FAFSA been accurately informed of the total amount of you and your mother's combined 2013 incomes. Same situation may apply to the 2014 FAFSA application for 2015 student grant money.

    Please understand that I'm not trying to 'scare' you. Also please understand that I'm just a retired dancer not an accountant or a CPA. However, other college student dancers have already been involved in IRS and FAFSA situations similar to yours.
    Last edited by Melonie; 04-13-2015 at 03:49 AM.

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    Default Re: my 1099 taxes about filing

    There is no way my mom is claiming me on her taxes thats a fact, maybe my dad but all i have to do is ask before I file on the 15th and it will save me all the trouble youre saying. Lol

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    Default Re: my 1099 taxes about filing

    ^^Not if they've already filed their taxes, no...

    I sent you that guys info last night, I would call him ASAP if I were you and get some professional advice because from a message board we can't look at all your info and tell you exactly what to do...

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    Default Re: my 1099 taxes about filing

    Yes true but they know what I do and that I am on my own.

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    Default Re: my 1099 taxes about filing

    There is no way my mom is claiming me on her taxes thats a fact, maybe my dad but all i have to do is ask before I file on the 15th and it will save me all the trouble youre saying
    Asking in advance avoids duplication. But it does NOT resolve who is actually legally entitled to your personal deduction and tuition tax credit. That decision is primarily based on the IRS 'support' test, which compares relative reported incomes of the parents versus the student against the total 'costs of living' for the student. Whoever provided 51%+ of those total 'costs of living' for the student gets to claim the deduction and tax credit, and thus have their tax bill reduced. Generally speaking, if the parent earned $50k+ and the student only earned $10k, and the student's combined costs of rent, food, transporation, education, medical etc. exceeds $20k, the student must give up their personal deduction and tuition tax credit to the parent.

    More info on this at

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