On Wed, Dec 22, 2010 at 11:08 AM, Tony <[email protected]> wrote: > hey guys and gals. > > does it make sense to submit a w-9 to a vendor > for $150 of work in 2009? isnt there some sort of > "too small" for 1099?
1099 is only required if you make $600 or more over the course of the calendar year. If you are only getting $150 from them they do not have to 1099 you, but they may elect to anyway. If you have a good working relationship with them I would explain this to them. My understanding is that if they report the income you will be required to pay tax on it. You can find more here: http://www.irs.gov/instructions/i1099msc/ar02.html -Cameron ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:332829 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
