I've never hired an individual to work for me, I've only hired a company or contractor, so I've never turned in a 1099. It's my understanding that if I pay more than $600 to a business or contractor, in a year, I'll be required to turn in a 1099. This is all new to me.
For the past 15 years I've used spread sheet to do my business records and send it to my CPA.
What program do you use and how much fun is it to switch over?
Is there a easy way around this mess, like doing business with company and paying them with their credit card. Like Menards and Lowes both have credit cards. So, at the end of the year you can get a credit card print out from each business?
How can you buy something on line and get the tax info you need to fill a 1099?
BTY, I'm all for putting a stop to TAX CHEATS! If this helps GREAT:)
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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