Are there tax or financial implications to the issuer of a 1099? Thank you.
Hello, I live in California. I did some work for my father last fall, on his house in Nevada. I was compensated for that work for $2000, plus the airfare. I need to reflect that income as 1099 income from him. If he issues me a 1099 for that income what must he do on his end, if anything, to reflect that he hired me, and compensated me, and is issuing it? And, is there any financial implications to him of issuing that 1099 to me for the payment he made to me for those services rendered? Does he have to pay anything to anyone on behalf of that payment made to me as 1099 work?
I very much appreciate your feedback on this.
Thank you.