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As for getting paid for small jobs and paying people for small jobs, if you paid the person more than $600 in a tax year, you should have already been giving/re
by subwindow 16y ago
As for getting paid for small jobs and paying people for small jobs, if you paid the person more than $600 in a tax year, you should have already been giving/receiving 1099s.
The only difference with the new rule is that you'd have to give 1099s to vendors.
- mark_l_watson 16y agoWe are OK on paying vendors: for hiring a handyman one or twice a year, a plumber about once a year, and a brush removal service we are under the $600 limit - we mostly do things ourselves. I am more concerned with small customers who pay me a thousand or two a year via PayPal - now they have hassles. It would be really good if PayPal had some service that automated this!
- chronomex 16y agoThey very well may, by the time this rolls around.