| | |||
| |||
| "Jim" <jim[at]nospam.net> wrote - quote - > I have a wholesale distributor (not an employee) whom I sold over $5,000 > in goods to through a direct sales business. Her commission for 2008 was > $501.00. Do I need to send her a 1099-Misc, even though the threshold for > reporting is $600? Yes, because you sold her more than $5000 of goods. See the instructions for the 1099. -- Paul Thomas, CPA Watkinsville, 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
#-1
| |||
| |||
| I have a wholesale distributor (not an employee) whom I sold over $5,000 in goods to through a direct sales business. Her commission for 2008 was $501.00. Do I need to send her a 1099-Misc, even though the threshold for reporting is $600? Thank you. Jim -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| 1099-misc question Richard Fangnail: I worked as a temp for a place and they sent me a 1099-misc with my total pay listed as nonemployment compensation and nothing else filled in. Am... | Taxes | 4 | 02-16-2008 09:06 PM | |
| 1099-MISC/TAX ID QUESTION ETW: If a tax ID number is in the format of 55-5555555 and not a social security number is it safe to assume they are a corporation therefore I do not... | Taxes | 2 | 01-20-2008 05:02 AM | |
| w-9 and 1099-misc question musickbass@gmail.com: I have a question. I played in a band a few years ago. I made a little money, but not much. I do mean a little. Today, I got a letter from the... | Taxes | 3 | 06-02-2006 04:58 AM | |
| 1099-MISC question Fearless: Sorry for the complexity of the problem, but I'm not certain where to begin. My wife received a 1099-MISC with Box 7 (non employee compensation)... | Taxes | 7 | 01-28-2006 03:39 AM | |
| 1099 misc question Jennifer.Hilburn@gmail.com: Is there a quick way to find out what misc income was reported to the IRS for work my husband has done? Ideally, I'd like to be able to log in to... | Taxes | 4 | 04-12-2005 10:30 PM | |
| Thread Tools | |
| Display Modes | |
| |