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Updated almost 6 years ago,
Newbie form 1099 contractor question--cash or credit?
I would like a contractor to do some tree work on my first rental next week. The quote is $1900 cash or check. I just learned about filling out a form 1099 for contractor payments of over $600. It looks like I can avoid the form 1099 if I pay by credit card or Paypal, which I am tempted to do. However he will charge more in that case.
How much extra is it worth paying by credit card to avoid the form 1099? I also get 1.5% reward on my card and it's easier tracking credit card expenses.