Fema Employment

I received a 1099 Misc form from a previous employer for some independent contractor work?

and also I received a w2 form from this same employer, if I do my income taxes with this 1099 misc he submitted to me I will end up owing money to both, federal and state, the only record with this employee was a contract he made me sign but after checking this contract i realized that he forgot to enter a date which would make the contract to be invalid since there is not date specified, also when he was paying me for this services he did it with checks but again, the only contract he had with me was without any date, which in my point of view would be invalid since that doesn't explain when employment started. Would I be fine if I don't file 1099 Misc or I could get in trouble?, your answer will really help

Public Comments

1. If the W2 you received covered all you earned from the employer, you can ignore the 1099. However, any money you earned that is not on the W2 is taxable to you for both income and FICA tax. The IRS does not care if you got the money from a valid or invalid contract - if you got the money, they want their share and they will get very serious about getting it.
2. The 1099 misc is sent to the IRS and you need to account for it on your taxes. What kind of work was it? Use a schedule C and deduct any expenses you had in order to do the work. Plus you need to pay social security on self employment
3. You cannot ignore the form 1099-Misc just because you don't want to pay the taxes you owe. The IRS will do a document match and will add interest and penalties by the time they catch it. The contract isn't void just because there wasn't a date on it (you are making up excuses). Please explain what the extra work was...maybe you are eligible for forms ss-8 and 8919. This will require you to pay only your share of FICA/MC and make the employer liable for the rest.