Im a broker for limo service. what tax form do i give drivers that have there own cars, like ill i do is give them work but they dont work for me, there just privet drivers and to companys that have there own fleet of cars. so when i file my taxes i could show where the %80 of the profit whent to. can some one help plase
2007-07-02 21:27:07 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you consider them as independent contractors(looks like they are), you should issue forms 1099 MISC (also don't forget to send them to IRS along with summary form 1096) every person whom you pay $600 and up. In this case only you can expense this commissions. Just give these people to fill out form W9. It contains their personal information
2007-07-03 04:15:16 · answer #1 · answered by alikmal 2 · 0⤊ 0⤋
Form 1099-MISC
2007-07-02 23:07:29 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋