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Small Business 1099's

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Old 03-27-2011, 04:12 PM
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limeybob
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Default Small Business 1099's

All, check this out.
If the transaction is >$600 in the tax year. Send a 1099. or get one too.

http://money.cnn.com/2010/05/05/smal...re_tax_change/

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Old 03-28-2011, 07:26 AM
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Default RE: Small Business 1099's


ORIGINAL: limeybob

All, check this out.
If the transaction is >$600 in the tax year. Send a 1099. or get one too.

http://money.cnn.com/2010/05/05/smal...re_tax_change/

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Bob
And to think that GE paid NO tax.
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Old 03-29-2011, 03:25 PM
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Default RE: Small Business 1099's


ORIGINAL: limeybob

All, check this out.
If the transaction is >$600 in the tax year. Send a 1099. or get one too.

http://money.cnn.com/2010/05/05/smal...re_tax_change/

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Bob

You linked to a story that is nearly a year old now. Read this instead.........




http://smallbizbeat.smc.org/business...passes-repeal/
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Old 03-29-2011, 05:06 PM
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Default RE: Small Business 1099's

many thanks for the update, lets hope they repeal the provision.
Bob
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Old 03-29-2011, 05:13 PM
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Default RE: Small Business 1099's

The House has passed the repeal.. but I do not know if it has gone farther...

why yes... Yes, elections DO have repercussions.......
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Old 04-08-2011, 08:54 AM
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scale only 4 me
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Default RE: Small Business 1099's

I didn't think much of this post until today,,, you Get you new rules notice from paypal?
Looks like you'll be getting a 1099-k from them too if you receive more than $600 in sales.

Now us normal guys selling our used hobby stuff will get taxed like a retailer
I wonder how the post office is going to handle this with Money Orders as I see a lot of people jumping off Paypal as a result
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