KAM.covad wrote: > Be careful. > > My understanding is that if you pay any person $600 or more in one calendar > year you are required to report their SSN on a 1099. We > pay outside trainers for our software. We always get their SSN and store it > in their vendor record. If their receipts in one year > reach $600 they get a 1099. I do not think any reporting is required for > payments to corporations. > > Of course, I believe you are allowed to give anyone $11,000 per year tax free. > > We would need a tax guy to tell all the different twists on this.
Do we have any tax guys on the list? _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
