Re: Self-employed consultant questions

If a consultant has their own corporation, regardless if they make more than $600 or not, a 1099 does not have to be issued.

Andrew Catanese

On Mar 8, 2016, at 6:24 PM, Kristen Henry <klhnry@xxxxxxxxxxxx> wrote:

The law says that a 1099 must be issued if you pay someone more than $600
per tax year.

Kristen

On Mar 8, 2016 5:04 PM, "Dan" <dan27649@xxxxxxxxx> wrote:

This is all very interesting. I wonder how these companies deduct your
compensation for their tax purposes if they're not filing 1099s. Also, I'm
surprised that variations in your reported income from year to year doesn't
raise IRS audit flags.

In my case, this is a full-time, single gig. Can't say for certain that
I'd like to do this extremely long term where I'm juggling clients.

On Tue, Mar 8, 2016 at 5:30 PM, Paul Nelson <nelsonp@xxxxxxxxxxxxx> wrote:

Same here. When I asked, they have said that the paperwork is a PITA, so
they tell the IRS they don't use private contractors. Given the
embarrassing
problems they have these days, the "gubmint" boys at the IRS have bigger
fish to fry (like avoiding prosecution themselves).

I got a total of 3 1099's for last year's work.

Paul Nelson

<#469173129_DDB4FAA8-2DD7-40BB-A1B8-4E2AA1F9FDF2>
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