Updated almost 8 years ago on . Most recent reply
How do you handle cash payments (lawn, etc) and taxes?
If a neighborhood kid mows your lawn do you 1099 them? What's the impact of not sending the 1099? Do you lost the payments on your expenses?
Most Popular Reply
Landlords issuing 1099s is a grey area.
There is no strict requirement for landlords to issue 1099s, and I have never heard of the IRS going after landlords for failure to file 1099s.
That being said it does not necessarily mean that 1099ing your contractors is a bad idea.
And remember the 1099 threshold for something like mowing lawns is $600 for the year per recipient.