2007-02-26 10:42:54 · 3 answers · asked by David B 1 in Business & Finance ➔ Corporations
Its a IRS requirement for an employer to complete a 1099 on all employees by Jan. 31.
2007-02-26 10:48:12 · answer #1 · answered by margherita 4 · 0⤊ 0⤋
David,
Both of the other answers given to you are wrong. First you are receiving a 1099 becuase you are NOT an employee, but someone who is not incorporated and works as a "contractor."
Second, a company is required by law to 1099 you if they have paid you more than $600 during the year, whether or not you have signed a form or given permission.
Good Luck,
Dana B.
2007-02-26 12:46:53 · answer #2 · answered by planningresult 4 · 0⤊ 0⤋
Yes, they can. All contractors have to turn them in. Just keep track of the work and the amount of funds paid to you by this contractor.
2007-02-26 10:51:19 · answer #3 · answered by Feline05 5 · 0⤊ 0⤋