View Full Version : Trouble with Inc or Sole proprietor
rtsconsulting
Feb 3, 2008, 06:13 PM
I am an employer and one of my contractors stated back in the beginning of 2007 that he was Incorporated but believe that he is just a sole proprietor. He then told me that he as in the process of converting from a sole proprietor to a C or S corp. We are now 3 days past the deadline for filing a 1099 for this contractor.
I would need to know what I need to do, as well as the contractor.
Thanks,
Richard
AtlantaTaxExpert
Feb 4, 2008, 01:17 PM
Give the contractor a Form W-9. He is legally obligated to return it to you so you can properly determine his status.
If he is was a sole proprietor on 31 December 2007, then you need to prepare a Form 1099-MISC for him.
I believe the submission deadline for Form 1099 is 15 February 2008.
rtsconsulting
Feb 4, 2008, 05:52 PM
Give the contractor a Form W-9. He is legally obligated to return it to you so you can properly determine his status.
If he is was a sole proprietor on 31 December 2007, then you need to prepare a Form 1099-MISC for him.
I believe the submission deadline for Form 1099 is 15 February 2008.
I will give him the W9. Thanks, a lot!
AtlantaTaxExpert
Feb 6, 2008, 01:41 PM
Glad to help!
rtsconsulting
Feb 9, 2008, 04:52 PM
I am an employer and one of my contractors stated back in the beginning of 2007 that he was Incorporated but believe that he is just a sole proprietor. He then told me that he as in the process of converting from a sole proprietor to a C or S corp. We are now 3 days past the deadline for filing a 1099 for this contractor.
I would need to know what I need to do, as well as the contractor.
thanks,
richard
Hi, thank you... i now have another issue related to this. Since i sent out all my 1099's by january 31, and i mailed out the 1096. What do i do next?
I obviously have to issue the 1099... but do i, can i file a second 1096?
Richard
AtlantaTaxExpert
Feb 20, 2008, 09:22 AM
Yes, a second Form 1096 is required.