Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-15-2010, 01:43 PM
Junior Member
 
Join Date: Dec 2010
Posts: 1
1099 misc

We participated in the State of Alaska home weatherization program and will receive a rebate of $5500.00. The state will issue us/irs a 1099 on this rebate. Since we paid for all materials/labor out of pocket after taxes, do we have to pay fed. taxes on this rebate? If so, isn't that double taxation? Thanks



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099 Misc kfloyd Income 0 04-14-2010 10:16 AM
1099-misc foxy842 Income 0 02-19-2010 02:26 PM
1099-Misc help please!!! emlila822 Income 0 02-12-2010 01:12 PM
1099 misc? lehman09 Income 1 01-30-2009 12:16 PM
1099-misc Jaduexclens Income 1 02-22-2008 07:23 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.