Ask Experts Questions for FREE Help !
Ask
    kyleknapp's Avatar
    kyleknapp Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 2, 2009, 02:38 PM
    1099 for Moving Services
    Our business moved in 2007, and hired a moving company (basically a couple guys with a truck) to help us relocate.

    The instructions for 1099-MISC say payments need not be reported for "freight, storage, and similar items". Would this qualify, or do I need to issue a 1099-MISC for this service?

    Thanks,
    Kyle Knapp
    Lewis Art Gallery, Omaha
    kyleknapp's Avatar
    kyleknapp Posts: 3, Reputation: 1
    New Member
    		  
    #2

    Jan 2, 2009, 03:27 PM
    Quote Originally Posted by kyleknapp View Post
    our business moved in 2007
    Oops, I meant 2008...
    de_de_gc's Avatar
    de_de_gc Posts: 66, Reputation: 4
    Junior Member
    		  
    #3

    Jan 2, 2009, 03:29 PM

    Based on the information you provided, I would advise you to file a Form 1099, for "non-employee compensation." Remember this is applicable if you paid over $600 to any one person.

    In general, the "freight, storage, and similar items" applies to inventory type items. You would not include that on a 1099 because it would be part of the cost of the item you are bringing into inventory.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jan 2, 2009, 03:47 PM
    Agreed; you still need to file the Form 1099-MISC.
    kyleknapp's Avatar
    kyleknapp Posts: 3, Reputation: 1
    New Member
    		  
    #5

    Jan 2, 2009, 10:22 PM

    Okay, thanks!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Jan 6, 2009, 05:49 PM
    Glad to help!
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

1099 reporting for services rendered by corporations [ 1 Answers ]

Greetings I am incorporated and provide software consulting services under my corporation's umbrella and also have employees that work for the corporation.I have a client that had me complete a w9 form for the corporation at the beginning of the work but at the end of the year did not sent me a...

Moving Bonus and 1099 Form? [ 1 Answers ]

Hi, I changed jobs this year and my new company gave me a moving bonus before I started working. Instead of being included in my wages on my W-2, its on a 1099- MISC form, and I don't know what to do with it! When filing on Tax Cut online, it says this form is for rentals and royalties, or for...

1099-MISC for engineering design services [ 1 Answers ]

I have an LLC that performed engineering design work and consultation for another company and received form 1099-MISC from them for the services. From what I have read of the requirements this form should not have been sent, or am I wrong?

1099-MISC for engineering design services [ 3 Answers ]

I have an LLC that performed engineering design work and consultation for another company and received form 1099-MISC from them for the services in which box 7 is the amount paid. While they did include the EIN for the LLC, they also included my SSN. From what I have read of the requirements this...

1099-MISC for Web Hosting Services [ 2 Answers ]

This is a great place. Thanks in advance for any help. I usually file a 1040A jointly with my wife and I find it to be pretty straightforward. This past year, however, I provided Web space to a moderately big site. It's pretty informal - I don't have invoices or anything like that - but the site...

View more questions Search