sandyha
Jan 24, 2007, 11:00 PM
Hi,
I am filing 1099's for my company for the first time, I have a couple of questions that are not clear to me in the IRS documentation.
It says that you do not issue a 1099 for merchandise. Our company purchases molds that a tooling shop produces for us, many of them are not incorporated; however, the end product is a "mold" or merchandise. I am confused because technically we do hire them to produce the mold, so I am confused as to whether I should issue them a 1099 or not. This also happens with other repair parts for equipment that are technically fabricated for us, but in the end we get the part, which is merchandise.
I'm am also not clear on non-profits that provide education, I know they are not for fundraising, but an example is Red Cross providing CPR training.
Advertising Services for help wanted ads - like newspapers.
Are Temporary Labor Employment Agencies reportable if not incorporated?
Thank you.
I am filing 1099's for my company for the first time, I have a couple of questions that are not clear to me in the IRS documentation.
It says that you do not issue a 1099 for merchandise. Our company purchases molds that a tooling shop produces for us, many of them are not incorporated; however, the end product is a "mold" or merchandise. I am confused because technically we do hire them to produce the mold, so I am confused as to whether I should issue them a 1099 or not. This also happens with other repair parts for equipment that are technically fabricated for us, but in the end we get the part, which is merchandise.
I'm am also not clear on non-profits that provide education, I know they are not for fundraising, but an example is Red Cross providing CPR training.
Advertising Services for help wanted ads - like newspapers.
Are Temporary Labor Employment Agencies reportable if not incorporated?
Thank you.