I contracted work out to a company. They supplied me with a bill of sale for their services. Do I have to send them a 1099?
2007-01-19 01:49:47 · 3 answers · asked by Shawn G 1 in Business & Finance ➔ Taxes ➔ United States
Yes if you paid them more than $600. Otherwise, no it isn't necessary.
2007-01-19 01:56:40 · answer #1 · answered by strawberrycrush 4 · 0⤊ 0⤋
Not if they are a corporation, except if the corporation is a law firm. You also do not have to send one if the amount is less then $600. Most other scenarios would require a 1099.
You should send all companies/contractors you deal with a W-9, which is a form that allows you to determine if you may need to send a 1099.
2007-01-19 10:00:17 · answer #2 · answered by M O 6 · 0⤊ 0⤋
was it for more than $600? usually youre not required to send 1099s to a company thats incorporated. i would send them a 1099 if they were self-employed individuals or a partnership.
2007-01-19 09:58:31 · answer #3 · answered by tma 6 · 0⤊ 0⤋