My 16 year old received a 1099. Do I have to claim this or does he file it himself? It was for $1,700. He was paid cash for his work and did not pay any taxes on it.
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Anonymous
ANSWERS: 1
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This is filed by the person to whom it was sent. Their social security number on the 1099 indicates the person responsible for paying the taxes on that earned income. You cannot pay tax for your child's income in your name. On the plus side, if all he made was this $1,700, Then he did not earn enough money to justify even filing a return. In that case nothing must be done at all. Just ignore it and don't bother filing a return. On the other hand if he had other income that was reported and it falls over the allotted minimum taxable amount, add the 1099 to the W2 forms and treat it exactly like a W2. On the first page of the instruction booklet it will tell you how much income must have been earned before you are required to file, if he earned anything under that, do not file a return.
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