What types of payments would require a Form 1099-MISC to be issued?
Answer:
Generally, payments of $600 or more to workers not treated as your employee, rent payments of $600 or more per year, prizes and awards of $600 or more, and Royalty payments of $10 or more per year.
Interested in more Bookkeeping & Write-up Questions?
- Due To Due From
- there is an over accrual that is still sitting in the liability for three years now.. if i want to reverse should I use relevant expense account?
- What is kiting a check ?
- What is an accounts receivable aging schedule ?
- I live in Georgia , where do I file Employer's Quarterly Federal Tax Return 941 ?