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Updated over 11 years ago on . Most recent reply

Tracey Thompson's profile image
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Tracey Thompson
  • from Fort Worth, Texas
  • Member since Aug 6, 2013

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Tracey Thompson's profile image
Tracey Thompson's profile image
Tracey Thompson
  • from Fort Worth, Texas
  • Member since Aug 6, 2013
Tracey Thompson
  • Fort Worth, TX
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Rehabbing & House Flipping

1099 contractors?

Tracey Thompson
  • Fort Worth, TX
Posted

Does anyone 1099 there contractors??

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Steven Hamilton II
  • Accountant, Enrolled Agent
  • from Grayslake, IL
  • Member since Jan 11, 2011

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Steven Hamilton II's profile image
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Steven Hamilton II
  • Accountant, Enrolled Agent
  • from Grayslake, IL
  • Member since Jan 11, 2011
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
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Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied
Originally posted by Tracey Thompson:
Does anyone 1099 there contractors??

@Tracey Thompson ,

Yes, If you pay anyone over $600 you are required to. Landlords are not stuck to this requirement; however, anyone operating a business such as rehabbing must stick to this law.

If you fail to do so you may be subject to penalties. Always have the W-9 filled out before they begin work or before you give them a check.

-Steven

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
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