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Re: Proposal for 1.3: 1099 and equivalent tracking
- Subject: Re: Proposal for 1.3: 1099 and equivalent tracking
- From: John Hasler <..hidden..>
- Date: Mon, 20 Apr 2009 14:32:59 -0500
John Bell writes:
> On further reading there IS a similar witholding tax in the UK, but it is
> much more limited in scope than 1099 as it only applies to entertainers
> and sports persons...
1099 is an information return. Only under rare circumstances is 1099
withholding required <http://www.irs.gov/taxtopics/tc307.html>. In thirty
years in business I've never had to do 1099 withholding.
Elmwood, WI USA