$24.95 
Learn more
Submitted By: Harry
Answered: January 7, 2014 8:30 am
Answered: January 7, 2014 8:30 am
If I pay a painting contractor $1,000 to paint my apartment, do I have to issue a Form 1099?
No. The requirement to issue a Form 1099 for the payment of services of $600 or more to an independent contractor applies only to businesses. It does not apply to services for individuals.
advertisement
Featured Books
Tax Glossary
Assignment
The legal transfer of property, rights, or interest to another person called an assignee. You cannot avoid tax on income by assigning the income to another person.
