Rental Property Contractor Compliance

[Kevin Davis]

I am going to be having contractors on my properties performing work for me. I want to make sure I have all of my ducks in a row in the case of an IRS audit down the road.  Am I missing anything I need to require?

- W-9 with valid EIN

- Proof of Insurance/Certificate of Insurance

- Receipt upon payment, or fill out a receipt and have them sign

- Send 1099 in January if the contractor is paid over $600 in the year for performing services