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Stephen G.
Stephen G., Sr Financial Expert
Category: Finance
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Experience:  Extensive Experience with Tax, Financial & Estate Issues
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I paid one of my sub contractors $550 in 2015. Can I still

Customer Question

I paid one of my sub contractors $550 in 2015. Can I still send out a 1099?
Submitted: 8 months ago.
Category: Finance
Expert:  Stephen G. replied 8 months ago.
Yes but why. If it's under $600. you don't have to send one.If the sub-contractor wants it send it to him but don't send it in to IRS; it's a $50. penaltySteve G.
Expert:  Stephen G. replied 7 months ago.
Just Checking in....................Do you have any follow-up questions?If not, please remember to rate my response as that is the only way we receive credit for our work.Steve G.

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