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#5
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| Timothy J. Trace wrote: - quote - > Harlan Lunsford <hnslunsford[at]bellsouth.net> wrote:
Well, if it were "TSYS", I would know you're in Columbus,> > I'm flummoxed by your question, since my impression is that > > you are in the UK. Why are you filing a US federal return? > > Do you have income over on this side of the pond? > Hey, Harlan - thanks for the advice. Like many others, I > obfuscate my email address to hide from spam bots. Check my > signature again and you'll see what I mean. GA, home of Total Systems, credit card processor extraordinaire. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#4
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| Harlan Lunsford <hnslunsford[at]bellsouth.net> wrote: - quote - > I'm flummoxed by your question, since my impression is that
Hey, Harlan - thanks for the advice. Like many others, I> you are in the UK. Why are you filing a US federal return? > Do you have income over on this side of the pond? obfuscate my email address to hide from spam bots. Check my signature again and you'll see what I mean. Best regards, Tim == (substitute 'tcsys.com' for 'nospam.co.uk') _________________ Visit the Surrender Dorothy web !! (http://dorothyrocks.com) Visit the Crunch Monkey web !! (http://crunchmonkey.com) << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#3
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| "Timothy J. Trace" <tim[at]nospam.co.uk> wrote: - quote - > As a band leader, I pay thousands of dollars in agent
YES!> commissions yearly. In previous tax years, I've simply > entered the appropriate amount in the Commissions box on my > Schedule C and moved on. Should I also send a 1099 to each > agent for their respective total commissions? DEFINITELY! DO IT YESTERDAY ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
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| Timothy J. Trace wrote: - quote - > As a band leader, I pay thousands of dollars in agent
I'm flummoxed by your question, since my impression is that> commissions yearly. In previous tax years, I've simply > entered the appropriate amount in the Commissions box on my > Schedule C and moved on. Should I also send a 1099 to each > agent for their respective total commissions? you are in the UK. Why are you filing a US federal return? Do you have income over on this side of the pond? anyway, and if so, a 1099=misc would be in order, yes. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
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| "Timothy J. Trace" <tim[at]nospam.co.uk> wrote - quote - > As a band leader, I pay thousands of dollars in agent
Yup. And to anyone else that did not qualify as an employee> commissions yearly. In previous tax years, I've simply > entered the appropriate amount in the Commissions box on my > Schedule C and moved on. Should I also send a 1099 to each > agent for their respective total commissions? who you paid more than $600 to during the year. This could be recording studios, photographers, artists (thinking of cover art on the CD's), studio musicians, back-up vocals, etc. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net Athens, Georgia << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| Yes. See Code Sec. 6041; Treas. Reg. 1.6041-1. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
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| As a band leader, I pay thousands of dollars in agent commissions yearly. In previous tax years, I've simply entered the appropriate amount in the Commissions box on my Schedule C and moved on. Should I also send a 1099 to each agent for their respective total commissions? Best regards, Tim == (substitute 'tcsys.com' for 'nospam.co.uk') _________________ Visit the Surrender Dorothy web !! (http://dorothyrocks.com) Visit the Crunch Monkey web !! (http://crunchmonkey.com) << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 1099, agent, commissions, muscian, paying |
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