Questions for any tax experts, accountants, etc..

[johnpalmer]

So... I'm almost ready to file my tax return. I'm expecting a nice chunk of money back... a bit over a thousand dollars.

(Warning: the first person who complains that I'm giving my government an interest free loan of my money for an average of six months, acting as if it's a bad thing to do a pitifully small favor for my government, will receive mock-righteous indignation if I find it amusing to do so.)

I ran into a problem, though. I don't have a 1099 for <$10 of interest on a savings account, and for an $88 401(k) cashout. (My 401(k) from Worldcom ended up getting more money from the stock manipulation settlement.)

What suddenly struck me is that, hey, maybe the IRS has a lower limit on when a 1099 is needed.

Does anyone know if this is the case? Or am I waiting for 1099s before I can file?

Comments

[karenkay.livejournal.com]

I thought that most banks let you print out your own 1099. (But I deal exclusively with Internet banks.)

As for the 401(k), I think you're going to have to wait for that form.

Or you can send in your taxes now, and then send an amendment when you get the other forms.

[wcg.livejournal.com]

There is a lower limit on interest income from savings. I don't know exactly what it is this year. Check the 1040 instruction book.

[gingicat]

1099s are only required for earnings over $600.