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Updated about 10 years ago on . Most recent reply

User Stats

170
Posts
73
Votes
Greg B.
  • Investor
  • Syracuse, NY
73
Votes |
170
Posts

How do you pay an UNofficial bird dog???

Greg B.
  • Investor
  • Syracuse, NY
Posted

Good afternoon BP,

I have a quick question about paying a bird dog that isn't in the business to bird dog? If someone brings me a property address and I end up closing on it then pay the dog a few hundred bucks, I'm going to account for it in my books (right?). So at the end of the year when doing taxes I will expense that out. The issue I'm having is do I send this unofficial bird dog a 1099 or whatever? How do you experts handle the fee?

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