Who can issue a 1099 form?

Question

I am an individual and do not own a company - can I or should I issue a 1099 to a contractor or handyman who does work on my home? If so, what would be the advantage? If not required, how will the IRS respond to the 1099 if I submitted one?

Answer 1

an individual does not file a 1099. If you have a company or business and hired someone to work for you that was not an employee and you paid that person more than $600. in a year, you'd file a 1099. But an individual, a person that does not have a business,, does not file a 1099.

Answer 2

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RE:
Who can issue a 1099 form?
I am an individual and do not own a company - can I or should I issue a 1099 to a contractor or handyman who does work on my home? If so, what would be the advantage? If not required, how will the IRS respond to the 1099 if I submitted one?

Answer 3

There is no advantage to you in issuing a 1099, because repairing or improving your home is not tax-deductible (as a business expense would be).

Answer 4

One who can and should issue a 1099 is one who has employed someone and did not withhold any taxes from the pay they gave them. A 1099 is a statement of wages which taxes were not withheld.

Answer 5

You can although you are under no obligation to do so unless you are running a business. If you filed them, the IRS would just file them for reference when the recipients filed their tax returns. There would be no advantage to you, and probalby a bit of expense and certainly some hassle.

Answer 6

im not sure how to answer this question, it would be more helpful for you to go to www.irs.gov to get the info for yourself