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Missouri online IRS 1099-MISC 2022: What You Should Know

If you do not designate yourself, the other owner is the spouse of your spouse. The “recipient‥ must pay for the property yourself.  This year, Missouri tax returns received on October 25, 2018, have the following changes: A change as to who is the “recipient, not the “payer.” In case you are unsure (or need a little help), this is how 1096, 3243, 3241, 3248, 3251, 3252, 3253 and 3254 work: A person (or persons) is a recipient or taxpayer if: 1) The form for the tax is issued by a Missouri government agency (tax collector, agency tax officer or department, office or branch of the Missouri government or department or entity in Missouri); 2) On or with the form, the person has an equal or greater ownership interest in the property; 3) The person pays for the property himself; and 4) The recipient or the person from whom the property is paid is a state recipient or taxpayer. I'm sure this makes sense, but the more I think about it, the more confusion it seems to create, so I would suggest working yourself through the instructions, so you can understand exactly what each item means. The most critical item in these instructions is the first item, line 5: “The amount of tax which may be due is: (a) the amount that would have been due but for the exemption or deduction.” Here's the big question: What is the “exemption?” Is it the state income tax? Are the capital gains taxes exempt? Are charitable gifts, estate taxes and “exempt business income” exempt? Can you claim any other deductions? If you qualify as a tax-exempt recipient or taxpayer, there is no tax due. The 1096 will state this. If you are not a tax-exempt recipient or taxpayer, you will not know which tax item is your responsibility. That's your fault. You don't know what type of deduction you are entitled to, you don't know if you're entitled to any other state or federal deduction, and no one knows. Now, let's move on to the second thing, line 5: “The tax paid is the full amount of tax that is due...” This is a statement about income taxes. It implies that you are required to pay the tax you owe even if you don't owe any income tax.

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