Recipient of income = reports income and pays taxes.
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----- Original Message -----
From: ColdFusion
To: CF-Community
Sent: Saturday, January 31, 2004 4:03 PM
Subject: Re: Tax Question
Okay so I provide the service to them and they pay me, and
they still send me the 1099?
okay I guess thats about right. First time I have to report the
value on my taxes is why I was asking.
----- Original Message -----
From: Doug White
To: CF-Community
Sent: Saturday, January 31, 2004 4:06 PM
Subject: Re: Tax Question
Actually, they are the ones who should be sending YOU the 1099, so you can
report it on your taxes.
You still need to report it as income even if they don't send you a 1099.
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----- Original Message -----
From: ColdFusion
To: CF-Community
Sent: Saturday, January 31, 2004 2:57 PM
Subject: Tax Question
Considering I started doing web work on the side and I have a client
who I am working for starting in Dec and wrapping it up now.
However I received an initial 25% payment in Dec 2003.
Do I need to provide them with a 1099 or some other Federal
document for their taxes? Do I have to register the initial
payment with the IRS in order for them to receive some document
regarding the payment to be used on their taxes?
This is new to me in this regards.
Thanks!!
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