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HOW MUCH CAN A PERSON EARN BEFORE A 1099 IS REQUIRED?

Customer Question
HOW MUCH CAN A PERSON...
HOW MUCH CAN A PERSON EARN BEFORE A 1099 IS REQUIRED?
Submitted: 9 years ago.Category: Tax
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Answered in 9 minutes by:
7/21/2008
Tax Professional: Merlo, Accountant replied 9 years ago
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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HelloCustomer

Anyone who pays you $600 or more in one calendar year for your services is required by the IRS to provide you with a 1099 form reporting the total amount of your miscellaneous income. If the amount you earned from any one particular company is less than $600, that company is not required to send you a 1099 form, however, you are still responsible for reporting that income, whether it was reported on a 1099 form or not. The only difference is that the IRS will not have any report of the money you were paid if the amount was under $600.

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Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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Satisfied Customers: 9,783
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Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad

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