1099 to Subcontractors? Do I need to issue these?
Are you ever required to issue a 1099-MISC to the IRS for companies you hire as subs? I will be paying large sums of money to subs this year, and I want to know if I have to report that to the IRS.
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Mimbreno
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/19/09 7:39am PST
You need to issue a 1099 to anyone who provides services and you pay them $600 or more over the course of the year. However, if they are a corporation you do not need to issue them a 1099 unless they are a lawyer or provided medical services.
I am not young enough to know everything. - Oscar Wilde
05/20/11 6:43am PDT
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You mention Corporations, what about partnerships or LLC companies?
