When Should You Issue 1099-MISC Tax Form - Tax Help

preview_player
Показать описание
Do you need to issue a 1099-MISC form to a vendor or contractor this year?

Form 1099-MISC for Miscellaneous Income, is used to report payments for services performed for a business by people not treated as its employees, such as payments to subcontractors, rent payments or prizes. A 1099-MISC form must be provided to the recipient and a copy mailed to or E-Filed with the IRS.

Greetings and thanks for checking out this channel.

Mrs. Balance Sheet is about one woman’s struggle to juggle FAITH, FAMILY, FINANCE & FITNESS.

Name channel name says it all.
Mrs – I’m a devoted wife, full-time mom of 3 girls and I love Jesus and keeping my home beautiful.
Balance Sheet – I’m an accountant, investor, landlord, expert business consultant.

After getting my bachelor’s degree in accounting and master’s degree in business I spent 10 years climbing the infamous corporate ladder only to discover God had another direction for me. Ultimately, I retired from corporate America at 32 yrs. and have been blessed abundantly since then. I am active CPA candidate. I hate having regrets, so after losing my credit for passing part of the exam almost 10 years ago, I back at it.

AUD 81
BEC 79
REG 77
FAR May 2018

#tax
#buildwealth
#youtubeblack
#money

Serious Business Inquiries only:
Рекомендации по теме
Комментарии
Автор

I just want to thank you - I literally was looking everywhere for this answer and this was the first substantial and articulate one that I got. You helped me a lot !!

SKEsthetics
Автор

Thank you so much. This was very helpful. My daughter started a spa and she has Vendors now. To protect her, I suggested the 2 as Vendors. Thanks for this.

growden
Автор

I have a property management firm. Should I issue 1099 to my landlord? Actually they are my clients not my service provider. If I don't, where the landlord get their 1099 filed?

cathykimball
Автор

what about if you paid online (assuming over $600) for services you get online? how can we issue them 1099? how do we report it as an expense in our tax?

giziare
Автор

If a personal service was paid for with a company check would a 1099 be issued for that?

marsha
Автор

Is this a guaranteed fine for not issuing 1099s or if the catch it kinda of thing? and the taxpayer report wages paid on their return?

mc
Автор

Great video! I’m working on 1099s tomorrow.

wa
Автор

I worked as a driver for Uber and made $300. Do I need to file it on my taxes? Do I need to send 1099misc to IRS?

windowlightmedia
Автор

What do I do if a business I have done a job for has not sent me my 1099 misc copy from? And I need to file my taxes deadline coming soon? Thank you so much !!

lulumami
Автор

Do we issue a 1099 to temporary agency?

conniedovick
Автор

Do independent contractors from out of country get 1099?

rosaalba
Автор

Can I issue a 1099msc to someone that not a business owner who do random job for my company

Douglas_
Автор

I received copy of the 1099 misc for doing clinical trials do I file in tax?

lulzythomson
Автор

What if your not a company and hire a independent contractor to do some work for you, do you still have to file a 1099misc. For that?

rosaalba
Автор

This girl " Balance Sheet Ya Right" does not know what she is talking about !

DYFTAXPLANNING