June --
If I pay out referral fees of $200.00 per person and it totals over $1,000 per year, do I need to 1099 those people?
Thanks,
Mary
Mary --
1099-MISC reports nonemployee compensation -- that is, what you pay to indies who work for you.
Whether or not a 1099 is required is based on what you pay to each person. If you pay an indie $600 or more then you must file a 1099-MISC for that indie.
It is not based on the total you pay to all indies who work for you.
-- June
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Tax Consultant to the Self-employed
Simple, Money-Saving, Audit-Proof, Tax and Recordkeeping Basics for the Independent Professional .
Includes Worksheets for Your 2010 Tax Return
On Sale during These Hard Times
Information for all self-employeds -- independent, sole proprietor, 1099, sub-contractor, indie. Tax law and regulations have a profound impact on all of you. I am a practicing accountant. I post simple and easy-to-understand answers to complex tax questions asked by you -- my fellow indies. You will learn that tax savvy and recordkeeping know-how can save you time and money as well as lower your stress and anxiety level and help form the foundation of successful self-employment.
June Walker
Tax Consultant to the Self-employed
What's an Indie?
Whether you call yourself a
** 1099 Worker
** Sole Proprietor
** Freelancer
** Subcontractor
** Free Agent
** Self-employed
you are an independent professional.
The IRS classifies you as an independent contractor.
I call you an indie.
** 1099 Worker
** Sole Proprietor
** Freelancer
** Subcontractor
** Free Agent
** Self-employed
you are an independent professional.
The IRS classifies you as an independent contractor.
I call you an indie.
What's a business expense?
FAQs and FAVORITE POSTS
- ** Are you an employee or are you self-employed?
- ** What to do about expense reimbursements included on your 1099
- ** Taxes: Which ones and how much does an indie pay?
- ** Estimated taxes: What are they & how much should you pay.
- ** Can an indie deduct donated time, products or services?
- ** Designers Dozen: Tax Saving Tips for the Graphic Artist
Simplify your tax and financial life. Read June's book.
Simple, Money-Saving, Audit-Proof, Tax and Recordkeeping Basics for the Independent Professional .
The Confident Indie: Five Easy Steps
Includes Worksheets for Your 2010 Tax Return
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Learn more from and about ... June Online
June's Book + CD
On Sale during These Hard Times
About Indies and For Indies
- Sarah Sloat, poet ... a daughter
- Thatcher Keats Photography ... a son
- Heartwood, USA ... a son
- Karen Crumley Keats, specialty arts & photographics ... a daughter-in-law
- Authors Guild
- Freelancers Union: Info on health insurance & more
- Home Office Warrior
- LLC or Corporation? ... a book
- oDesk ... good info for indies
- NJ Creatives Network: Source for Freelance Professional Creative Services
- WorkingSolo
- Bobbie Wayne, painter ... a client
- Dan Pink, author. speaker ... a client
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- Marion Held, sculptor ... a client
- Pascal Studio, sculptor ... a client
- Samuel Freedman, author & journalism professor ... a client
- Southwest Planning & Marketing ... a client
- Tony Trischka, banjoist ... a client
Contact June
About June Walker
- June Walker
- Santa Fe, New Mexico, United States
- Author, practicing accountant, workshop leader and seminar speaker -- been a tax and financial adviser to self-employed people since 1979. My talented and gifted clients work and live throughout North America and Europe. This diverse array of independent professionals, I call them indies, includes any one who works for him- or herself -- psychologists, carpenters, IT consultants, life coaches, bloggers, realtors, and attorneys. I also counsel a large number of people in the arts -- actors, writers, graphic artists, gallery owners and musicians. Before moving to Santa Fe in 1995 I had offices in New York and New Jersey. Over the years I have developed an educational approach to my work. Whether with clients or in writing and seminars I teach self-employed people that, although written for the corporate world, the tax laws and regulations can work to an indie’s advantage.
Buy Self-employed Tax Solutions
Please note!
The purpose of this blog is to provide self-employeds with accurate and authoritative information about the business side of their indie ventures. All the information and opinion presented is for general information only and should not be acted upon without consulting your own tax professional.
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