TopHostSupport
01-27-2005, 09:24 AM
Anyone here who pays a monthly fee for support staff or server admins issue any 1099 to them?
 | View Full Version : Do you issue 1099 to your support staff or server admins? dawhb 01-27-2005, 09:47 AM You should issue form 1099 to closely held corporations, partnerships and individuals who received more than $600 from you. We have issued 1099 to some of our vendors and etc. But I'm not an accountant so you need to contact yours. Best Regards Dimitar TopHostSupport 01-27-2005, 09:50 AM Dimitar, Yes I know and I spent 6 hours with my accountant at my home last night having him setup us up with Quickbooks (can't wait to see that bill) but my main question was do you issue 1099? NOT should I. Thanks for your reply.:) dawhb 01-27-2005, 10:08 AM Yes eMax. You have to issue 1099 to each closely held corporation, partnership or individual who received more than $600 from you in 2004. Best Regards Dimitar rmMark1 01-27-2005, 10:12 AM Yes you should and they must be out by 1/31/05 for tax year 2004. I have seen them go out for as little as $300.00 for a tax year. Have the vendor,reseller, or affiliates sign the W-9 form before you send a 1099. TopHostSupport 01-27-2005, 10:16 AM rofl...As I really do appreciate everyone reply, again my question and reason of starting this thread was asking "Do you issue 1099?" NOT should I. Amish_Geek 01-27-2005, 10:18 AM Considering I don't outsource... I issue W2 forms to my support/sysadmin techs. rmMark1 01-27-2005, 10:20 AM Originally posted by eMax rofl...As I really do appreciate everyone reply, again my question and reason of starting this thread was asking "Do you issue 1099?" NOT should I. My Bad :eek: Yes we do :stickout: TopHostSupport 01-27-2005, 10:22 AM Originally posted by rmMark1 My Bad :eek: Yes we do :stickout: :emlaugh: OK now here is a question for everyone. How do you issue 1099 for companies/individuals outside the USA? Or does that even matter to the government? Joshua 01-27-2005, 01:49 PM Originally posted by eMax :emlaugh: OK now here is a question for everyone. How do you issue 1099 for companies/individuals outside the USA? Or does that even matter to the government? That doesn't matter to the government, as those individuals do not pay income taxes to the US Government. amusive.com 01-27-2005, 05:04 PM Issue a 1099 to anyone INSIDE the USA that received more than $600 (you can send them out for less, but are not required. You are not even required to have the SSN of a subcontractor if he receives less than $600 from you). I've sent them out in the past, but now I work mostly with companies rather than individuals, so I haven't had to. |