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| "accounting noob" <paul.hung[at]gmail.com> wrote: - quote - > In the past year I started my own business. I needed help
You're not alone. Call them and ask for their TIN's. You> so I enlisted the help of a few contractors to help out with > some jobs. Being a complete amateur, I didn't collect their > TINs. Since I've already paid them, I can't do backup > withholding. Is it possible to eat the amount to withhold > in relation to the amount I paid my contractors? I know > that it will be more than what the contractors would report > on their own, but the amount I paid them is so little, I > don't really have the heart to do so. Yes... a complete > amateur as I said. may be pleasantly surprised. Stu << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| In the past year I started my own business. I needed help so I enlisted the help of a few contractors to help out with some jobs. Being a complete amateur, I didn't collect their TINs. Since I've already paid them, I can't do backup withholding. Is it possible to eat the amount to withhold in relation to the amount I paid my contractors? I know that it will be more than what the contractors would report on their own, but the amount I paid them is so little, I don't really have the heart to do so. Yes... a complete amateur as I said. Thanks for the help. Paul << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| backup, cost, eating, withholding |
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