Tax Question

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Tax Question

Lisa Brown
Hello!
Can someone please refresh my memory regarding the 1099-MISC from Stampin' Up!?
What is included for the total in the box for Nonemployee compensation?  Is that Great Rewards and Bonuses?
Thanks in advance,
Lisa
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RE: Tax Question

Coleen Astalos

From an older SU! Update, but the info is still accurate:

What income does the 1099 include?

  • Downline overrides
  • Cash bonuses such as performance and year-end bonuses
  • Noncash earnings/rewards such as incentive trip, Founder's Circle, Great Rewards, and event-related compensation

What income is not included on the 1099 that I may still need to report for taxes?

  • Instant income
  • Volume rebates

Coleen

 

Coleen Astalos, Stampin' Up! Demonstrator
Alamosa, CO, coleen@sudsol.com
See my website at http://alamosa.stampinup.net
Are you a demonstrator? Join me on SUDSOL - Your 24/7 Upline!

 

From: ml-node+s1100894n27553h88@.nabble [mailto:ml-node+s1100894n27553h88@.nabble]
Sent: Thursday, March 10, 2016 8:47 PM
To: SUDSOL Group
Subject: SU!: Tax Question

 

lisa@inkandinspirations.com?subject=Tax%20Question

If you just reply to this email, your message will go to all SUDSOL members, unless you change the To: email address to the author: lisa@inkandinspirations.com


Hello!
Can someone please refresh my memory regarding the 1099-MISC from Stampin' Up!?
What is included for the total in the box for Nonemployee compensation?  Is that Great Rewards and Bonuses?
Thanks in advance,
Lisa


If you want the reply to go ONLY to Lisa Brown, please change the email address to: lisa@inkandinspirations.com
This message can be found in the SUDSOL Discussion Forum here: http://forum.sudsol.org/Tax-Question-tp27553.html

To start a new topic under Business Talk, email ml-node+s1100894n3h38@n5.nabble.com
To unsubscribe from Business Talk, click here.

Coleen Astalos
SLB Member


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RE: SU!: Tax Question

Lisa Brown
In reply to this post by Lisa Brown

I have found the answer on the demo site...
Non cash rewards such as Great Rewards and Incentive Trips, as well as Bonuses and downline overrides.





-------- Original Message --------
Subject: SU!: Tax Question
From: "SUDSOL [Lisa Brown] via Business Talk"
<ml-node+s1100894n27553h45@n5.nabble.com>
Date: Thu, March 10, 2016 9:46 pm
To: SUDSOL Group <lisa@inkandinspirations.com>

lisa@inkandinspirations.com?subject=Tax Question
If you just reply to this email, your message will go to all SUDSOL members, unless you change the To: email address to the author: lisa@inkandinspirations.com

Hello!
Can someone please refresh my memory regarding the 1099-MISC from Stampin' Up!?
What is included for the total in the box for Nonemployee compensation?  Is that Great Rewards and Bonuses?
Thanks in advance,
Lisa

If you want the reply to go ONLY to Lisa Brown, please change the email address to: lisa@inkandinspirations.com
This message can be found in the SUDSOL Discussion Forum here: http://forum.sudsol.org/Tax-Question-tp27553.html
To start a new topic under Business Talk, email ml-node+s1100894n3h95@n5.nabble.com
To unsubscribe from SUDSOL, click here.