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Updated almost 6 years ago on . Most recent reply presented by

User Stats

195
Posts
23
Votes
Ashley Zhang
  • Accountant
  • colorado
23
Votes |
195
Posts

Issue 1099 MISC or not?

Ashley Zhang
  • Accountant
  • colorado
Posted

I paid a project manager to manage a new construction. When I asked him to issue 1099 MISC to all the subcontractors, he said since I paid them directly ( I issued checks), it will be my responsibility to issue them 1099s. I checked with the bank who issued my construction loan, they don't provide 1099 to my subcontractor wither. I don;t have an official business set up, thus I don't have a business TIN to issue 1099. Someone told me I will need to issue 1099 using my SSN which I am not willing to do so. is my understanding right, and how shall I handle this situation properly? thank you all!  

Most Popular Reply

User Stats

1,407
Posts
754
Votes
Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
754
Votes |
1,407
Posts
Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
Replied

You can get an EIN - and that way not have to use your SSN. A legal entity is not required for an EIN.

  • Lance Lvovsky
  • Loading replies...