I’m really confused because I turned in all my documents for IDOC except my Form 1099 (Student). I don’t have one.
Over the summer, I tutored some kids and received about 600 dollars. On the IDOC faq page, it said I didn’t have to file a tax return if I made less than $7600, so I uploaded a non-tax filer statement. I thought that meant I don’t need to file Form 1099 either (I don’t have it anyways), but I checked on IDOC today and it says it still “requires” it. Everything except that has been uploaded and processed, and I don’t want to not receive Financial Aid because not all the information is there.
Help please?
You don’t file a 1099, it is an information form received by tax payers, issued by a company that has paid you non-wage money. Banks issue it for interest, companies issue them to contractors or providers of goods and services. If you were paid $600 from one source, and that source wants to deduct it, it will issue a 1099. If you made $600 from the neighbor for tutoring her son, she can’t deduct it so wouldn’t issue a 1099. If you made $600 from Kumon for tutoring, it would issue you a 1099 as you’d be a contractor.
You can’t file what you don’t have.
^^ You can’t file what you don’t have.
This is true. IDOC will ask for all kinds of things… ours asked for student tax returns, but D doesn’t file. I asked university and they said it will “make sense” when they see what’s been reported.
@twoinanddone @phoenixmomof2 Thank you for the help! I’m a lot less stressed out now that I know I don’t need to upload it.