In a previous post I discussed employee vs. subcontractor decisions. If you do have subcontractors, you need to send them IRS Form 1099-Misc by January 31. The form is due to the IRS by February 29. A subcontractor is:
- a person or business that is not incorporated
- that provides you with a service
- that you pay more than $600 to during the calendar year
Common situations where you could have a subcontractor could be your cleaning service, landscape service, the disc jockey for your fundraiser, or people who you bring in to do temporary work.
1 comment:
Well written article.
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