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I do not think the Federal Govt would like that - StillAnMT

Posted: Apr 14th, 2016 - 7:22 am In Reply to: No 1099? - anon

They have to send some information to the IRS in order to deduct that money as an expense. If they do not send the worker a 1099 then they have to pay the taxes on that money they sent to the worker. If they do not send a 1099 but claim that worker's money as a deduction then they will get audited. That needs to be clarified.

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No 1099? - anon (Views: 842, 2016-04-14, 12:12 am)
- I do not think the Federal Govt would like that - StillAnMT
  - If An - Employer (Views: 589, 2016-04-14, 8:46 am)
    - I totally disagree - StillAnMT (Views: 916, 2016-04-14, 9:32 am)
      - Ahem. All these laws apply only to US businesses and workers. - Heloise (Views: 539, 2016-04-14, 11:17 am)
        Why would you assume that? We are talking US here. - nm (Views: 414, 2016-04-14, 8:09 pm)
        Are you aware of how many companies operating in the US are - owned by offshore entities? SM (Views: 375, 2016-04-15, 9:20 am)
        loopholes - StillAnMT (Views: 434, 2016-04-15, 10:13 am)
        Closing these particular loopholes is not within the power of th IRS. - Heloise (Views: 567, 2016-04-15, 12:45 pm)
        It makes no sense the Feds would allow that - StillAnMT (Views: 462, 2016-04-15, 8:52 am)
        Okay, I won't say it. But that won't change the fact that they don't. - Heloise (Views: 479, 2016-04-15, 10:59 am)
      - Right on! - nm (Views: 435, 2016-04-14, 8:06 pm)
    - You are wrong. If a contractor is paid over $600.00 in - sm (Views: 419, 2016-04-14, 8:04 pm)
      - Absolutely right! - nm (Views: 385, 2016-04-15, 7:53 am)
- no 1099 - OP (Views: 443, 2016-04-16, 5:59 pm)