A 1099 form is filed when a person has an independent contractor working for them, and the IRS has stringent rules in regard to whether or not a person is considered to be an independent contractor. Discover how much a person must be paid to necessitate a 1099 withhelp from a tax bookkeeper in this free video on filing taxes. Expert: Ken Lewellyn Contact: www.tnbizserv.com Bio: Ken Lewellyn is co-founder of Tennessee Business Service, Inc. Filmmaker: Dimitri LaBarge
#1 by gman2000 on August 26th, 2011
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@voneygirl I think that for tax purposes with the IRS and quite possibly the State in which the person lives, that individual IS a business because they are providing (or have provided) a service for compensation. If this was a cash transaction, most likely he/she will not be grateful if you go and report what you paid him/her to the IRS, it’s up to you, most likely if it’s a handyman he won’t report it himself anyway, but technically if it was more than $600 you have to.
#2 by mmr11027 on August 26th, 2011
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Thanks for creating this video!
#3 by willrobinsgolf on August 26th, 2011
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Great help could not find that info any where
#4 by voneygirl on August 26th, 2011
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Question: If contractor worked on your home, whic is not a business, is the 1099 for that person still required?
#5 by jcsar06 on August 26th, 2011
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need advice!!!
#6 by jcsar06 on August 26th, 2011
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i need some advice
#7 by illmatic33 on August 26th, 2011
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I just got my w2 and my federal tax is blank! I am a f1 student who has authorization to work. During the 2009 i made a little over 20,000. Does this mean I owe IRS?
#8 by umbrellacorp408 on August 26th, 2011
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What does the independent contractor need to do? How do I calculate what I need to put aside?
-Thank You
#9 by Dianaolo on August 26th, 2011
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Be Blessed
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I love every aspect of this video!