[amayausers.com] Re: New 1099 rule for small businesses
- From: jlmemb@xxxxxxx
- To: amayausers@xxxxxxxxxxxxx
- Date: Fri, 18 Jun 2010 20:00:20 -0400
I think you have to read the bill as it appears to be a two way street, we
must submit 1099s to others as well as receiving them for any yearly
transaction over $600.00
I had worked for an insurance company claims areas and any vendor we sent over
the limit was automatically sent a 1099. This was cumbersome to say the least
but it was better than the fine imposed.
It has been the law for quite some time as all business customers that we do
work for always send out a 1099. usually at the end of the year as they pull
that info off their accounting programs. We verify the amount to make sure so
we don't get a visit from the IRS.
HTH
Joe Sepanik
JLM EMBROIDERY
760-200-9106
Fax 760-200-9126
-----Original Message-----
From: theboards@xxxxxxxxxxxxxx
To: amayausers@xxxxxxxxxxxxx
Sent: Fri, Jun 18, 2010 3:16 pm
Subject: [amayausers.com] Re: New 1099 rule for small businesses
This message was posted by Theresa S. on AmayaUsers.com. PLEASE DO NOT REPLY
VIA
EMAIL. Instead, respond to the thread on the WEBSITE by clicking here:
http://www.amayausers.com/boards/cgi-bin/ultimatebb.cgi?/topic/10/120.html#000005
This is not new here on the "left" coast. I got a 1099 several years ago from
a
company I had done some work for. I was quite suprised.
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