Who can issue a 1099 form?

I am an individual and do not own a company - can I or should I issue a 1099 to a contractor or handyman who does work on my home? If so, what would be the advantage? If not required, how will the IRS respond to the 1099 if I submitted one?

Answers:
an individual does not file a 1099. If you have a company or business and hired someone to work for you that was not an employee and you paid that person more than $600. in a year, you'd file a 1099. But an individual, a person that does not have a business,, does not file a 1099.
im not sure how to answer this question, it would be more helpful for you to go to www.irs.gov to get the info for yourself
There is no advantage to you in issuing a 1099, because repairing or improving your home is not tax-deductible (as a business expense would be).
You can although you are under no obligation to do so unless you are running a business. If you filed them, the IRS would just file them for reference when the recipients filed their tax returns. There would be no advantage to you, and probalby a bit of expense and certainly some hassle.
One who can and should issue a 1099 is one who has employed someone and did not withhold any taxes from the pay they gave them. A 1099 is a statement of wages which taxes were not withheld.

The answers post by the user, for information only, BAnswer.com does not guarantee the right.


More Related Questions and Answers...
  • "Are savings bonds tax exempt?"?
  • I need a copy of a tax withholding form where can I get one?
  • Any tips or suggestions to protest property tax increase?
  • How can florida lower its property taxes without cutting government services and other needed services?
  • If i own 1/3 of an LLC and die, how long is the "lookback" period if i move it to other members?
  • When do i have to pay my taxes?
  • Buying things from the USA on Ebay?
  • What's the phone number for the automated system for Hibernia or Capital One?
  • Has any tax to be paid, to go to church in the USA?