1099-M to Individual/Sole Proprietors

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:

Get free answers from experts in any of our 300+ topics.
Accept money for answers that you provide.
Communicate privately with other members (PM).
See fewer ads.

Sign Up!

Answer this Question

Ask about Accounting

Ask about another Subject

PDA

hweddle

Mar 25, 2008, 08:41 AM

Does everyone who marks Individual/Sole proprietor on their W-9 get a 1099-M sent to them if over $600? If not, what is the best way to determine who gets one and who doesn't?

Thanks!!

morgaine300

Mar 26, 2008, 11:04 PM

In general, all individuals and partnerships (not corporations) get a 1099-MISC for non-employee compensation. But the more specific rules are here:

http://www.irs.gov/pub/irs-pdf/i1099msc_07.pdf