- quote -

We could use the help, if you didn't object to rural
Paulding County (one of the top ten fastest growing counties
in the US).

And bring a bottle of tequila with you when you make the
trip. <G
Carol

What can one expect of a day that begins with getting out of bed.

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CLJ1219 wrote:

- quote -

Well, Ernie came by today, and I explained it to him. He
replied that before (previous years) he had gotten 1099's
and he was considered in business for himself, and what's
more, he ALWAYS got a refund (no estimated payments those
years, btw! another story).

Of course now his total busines receipts are like 126000$,
with only a few 1099's from business payers; rest from
general public. I think he's still puzzled. Oh well.

oh , btw, I got your little barb, about "where I am!" But
you should know I'd rather be in Georgia.

Cheer$$$,
Harlan Lunsford, EA n LA

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- quote -

The day IRS gets information docs from a defunct entity
watch out for low-flying pigs.

Phil Marti
Topeka, KS

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Phil Marti wrote:

(On issuing a "quarterly" 1099.)

- quote -

Actually, I'm not ENTIRELY sure about that. If the
entity that would be issuing the 1099 is dissolved
before the end of the year, it may be difficult to
find someone who can sign the 1096 as agent.

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- quote -

Harlan,

You must remember where you are. That explains why you have
to do that. <G> We have to do similar things all the time,
too.

Carol
What can one expect of a day that begins with getting out of bed.

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John Arbuckle wrote:

- quote -

There's no Federal requirement to issue 1099-MISCs before
January 31 (to the payee) or February 28 (to the IRS).

There may be state requirements. (California requires
reporting to the state within 20 days of when the
1099 filing requirement first accures.)

I think the subcontractor is trying to get you to do
their accounting for them. Maybe you should charge
them for the accounting services?

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- quote -

The 2004 1099s aren't available yet.

- quote -

If he is unincorporated and you pay him more than $600
during the year, you will need to give him one no later than
January 31, 2005.

Carol
What can one expect of a day that begins with getting out of bed.

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John Arbuckle wrote:

- quote -

"Heck" no!

Can't imagine this even happening, cause as you already
know, a 1099 is ONLY issued at end of year. It's ALWAYS up
to the subcontractor to keep his own records. Tell him
this. and also the other replies you'll get saying the same
thing. (grin

On a similar note, here something other responders might
appreciate. Yesterday a proprietor's helper (girlfriend,
secretary, whatever) came by to ask where his 1099-misc was.
After all , I had prepared one for his "employee" (read
subcontractor here) and his landlord. All I could tell her
was to tell Ernie to come by and I would explain to him how
a proprietor files his results on schedule C only and does
NOt get a 1099 to himself FROM himself!

Cheer$$,
Harlan Lunsford, EA n LA

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aliasmoze[at]hotmail.com (John Arbuckle) writes:

- quote -

No. In fact, you need to wait until the year is complete.

- quote -

No.

Phil Marti
Topeka, KS

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"John Arbuckle" <aliasmoze[at]hotmail.com> wrote:

- quote -

All the Form 1099s are annual reports of income, not quarterly.

Wayne Brasch, CPA, M. S. Taxation

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Hello. I have a sub-S corporation, and this year (2004)
we've used some subcontractors. One of them is going to
file his quarterly taxes for 2004 and is asking for a 1099.
Now, I'm under the impression that quarterly taxes are
estimated, and we had no plans besides to issue them sooner
than the end of the year. Are we obligated to? Is there
any reason one would need this years 1099's to file
quarterlies?

Thank-you.

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