Yes, Nick, that is true, although the IRS does state if you pay - sm Posted: Apr 19th, 2016 - 6:58 pm In Reply to: Actually, the $600 rule is a misconception - Nick
a contractor $600 or more in a year, you must give that contractor a 1099-MISC. A reputable company will give a 1099 no matter the amount, even if it is 5 cents. They surely will not state no 1099 will be provided. Stay clear of anyone who does not is sound advice.
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