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IC tax - have to send out 1099? - hmmm


Posted: Jan 28, 2010

Was considering working for a company that says they hire IC.  Can anyone tell me, if an MTSO is hiring ICs, to they have to send out 1099s to all their ICs at the end of the year, or is it up to the IC to keep track of? 

IC - 1mt

[ In Reply To ..]
Yes, they send you a 1099.

They should send you a 1099 but if you are - sm - XXX

[ In Reply To ..]
you will keep your own records. I caught a $4K error that way last year. They said they paid me $4K MORE than I actually got, errors at their end obviously which I caught once I got a copy of their records that they had. Had duplicate payments entered several times. So it pays to keep track of what they owe you and what you actually receive. Don't blindly trust the MTSO, everyone makes mistakes sometimes.


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