[aclug-L] Re: Freelance Technical Support

["Justin G. Mitchell" <justin@xxxxxxxxxxxxxxxxxxxxx>]

On Tue, 29 Jul 2003, Jeff Vian wrote:
> You are right in part.
> the $600 is the limit where you would need to report amounts PAID to a
> single individual on a 1099. (This shows up on the child care form where
> it asks if you have reported it on a 1099.)  It also applies to other
> types of services as well.
>
> for example,
> You are working and have to pay a babysitter to watch a child so you can
> work.
>     If you pay the babysitter a total of $590 during the tax year, no
> 1099 is required.
> However, if you pay $601 for the tax year, you are required to report it
> to the IRS on a 1099 so you can support your expense, and they have a
> way of checking/requireing the babysitter to report all the income received.
>
> (my accounting minor stands in good use here) :-)
> I do not have time to review the tax code to see the exact amount after
> which you must file, but unless it is a hobby (or even if it is) in
> cases where you otherwise have to file taxes, income from any source is
> required to be reported.
>
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>

Sorry, here's a list of the forms and what they are for. Useful for
individuals.

html:
http://216.239.41.104/search?q=cache:5K6Wi1DCvZcJ:www.corpcreations.com/chicago/taxinsert.pdf+tax+form+1099&hl=en&ie=UTF-8

PDF:
http://www.corpcreations.com/chicago/taxinsert.pdf

Justin G Mitchell
justin@[no.spam]wichita.servehttp.com
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