 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
1099 without tax id
I am still preparing the 1099 forms. One contractor fails to provide us his tax id. IRS 1099 instructions indicate that there may be penalty for not providing the tax id. Shoud I still file the 1099 for him without the tax ID? Or it is better off not to file at all.
|
||||
|
||||
|
Pok:
Give him, either in person or by mail, a W-9. That notifies the contractor that you are formally requesting tax ID number information from him. If he fails to provide you with the tax ID number, then notify the IRS and request instructions. How much money did you pay this contractor? If it is less than $600, there is no requirement to submit the Form 1099 for him. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
I am a physician doing j1 waiver , on H1b visa. I am employed by a private group. The hospital pays 25000 dollar as a policy to new doctors over three years as signing bonus. In 2004 the hospital paid me 6000 dollar , but they sent me 1099 misc which I accepted and also showed on my tax refund. I...
I have already received my refund for this year. After receiving my refund, I received a 1099-C form. I took it to my tax account and she said that the $65,340.71 in box 2 (it also listed interest in box 3 $9577.90), that I would have to pay taxes on, which is $14,000. I told her, isn’t my ex...
Hi, I received a 1099-G regarding state tax refund I got 2005 and I know I have to include it as income in Form 1040. And I also received another 1099 form saying "Statement for Recipients of Interest Income", "Calendar Year", "Total Interest Paid or Credited-$36.67". My questions are, 1) I...
I have a line of credit account that is now delinquent. Most recently the sent me a notice regarding a settlement. This is what the letter says: "Settle your past due account ONCE AND FOR ALL! Your current outstanding balance due on account number XXXX is $5,448.52. As of January 1, 2006, we will...
Thanks for your valuable help that you are giving to so many people. I need one help too. I am on H1. Can I work on 1099. Will this create any problems? Secondly. How may hours I can work on 1099 if I am allowed to? I am working 40/week on W2 with a consulting conpany on H1. I want to...
View more questions Search
|
