Thanks everyone for the replies.

Gary

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LTSLLC wrote:

- quote -

If it's not required, as in this case of personal
transactions, I will never advise a client to do so, as it
just clogs up IRS machinery. In fact I will do whatever I
can to dissuade anybody from so doing.

ChEAr$,
Harlan Lunsford, EA n LA
thu 9 Mar 2006 [at] hh

<< ================================================== ===== > << 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. > << ================================================== ===== >

if you are a trade or business that made the payment (over
$600), you are required to file the Form 1099-MISC.

There is no requirement if you are NOT a trade or busines,
however, that doesn't stop you from filing the 1099-MISC
with the IRS if you want to.

Rudy
www.LizcanoTaxServicesLLC.com

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bbs[at]mechanicsofmoney.com wrote:

- quote -

Don't need no ideas when the law is clear. And that is just
as you outline it above; 1099's required ONLY if in the
course of a trade or business.

You done good!

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << 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. > << ================================================== ===== >

<bbs[at]mechanicsofmoney.com> wrote:

- quote -

Yes. It is not.

- quote -

1099's are routinely required only for some payments in the
course of a trade or business. If you tell us what
instruction is confusing you, perhaps we can debunk it for
you.

--
Phil Marti
Clarksburg, MD

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Does anyone know whether it is necessary to file a 1099-Misc
for contractors who fix personal residences? The 1099-Misc
Instructions seem to say that it is only required if it is
paid by a trade or business; however, other sections of the
instructions seem to negate that? Any ideas?

Gary Brolis
http://www.MechanicsofMoney.com
http://www.MechanicsofMoney.com/blog.php

<< ================================================== ===== > << 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. > << ================================================== ===== >