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Updated about 10 years ago on . Most recent reply
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1099 contractors?
Does anyone 1099 there contractors??
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Originally posted by Tracey Thompson:
Does anyone 1099 there contractors??
Yes, If you pay anyone over $600 you are required to. Landlords are not stuck to this requirement; however, anyone operating a business such as rehabbing must stick to this law.
If you fail to do so you may be subject to penalties. Always have the W-9 filled out before they begin work or before you give them a check.
-Steven