1. Do we need to generate 1099 form for each contractor or people working for commission for me? Or only if the payout is more than $600 in year.
2. Do I need to file 1099 for Paying to Non-US Companies or contractors for their services? How IRS expects expenses paid for services taken from companies abroad?
3. For a Husband/Wife Partner LLC, after calculating total income, LLC should file 1065 & issue Schedule K-1 to Partners, based on their percentages?
4. Partners will have to submit 1040 on their incomes even if they file taxes as “Married filing jointly”?