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Naveen 4025
Aug 6, 2012, 09:23 AM
Very good explanation... thanks...
Can u also clarify other doubt who is eligible for 1099 and who not eligible in detail?. please clarify

ScottGem
Aug 6, 2012, 10:48 AM
Employees are not eligible for a 1099, outside contractors are. The IRS has a publication that details who is and isn't eligible.

http://www.irs.gov/pub/irs-pdf/i1099msc.pdf