HOME
SERVICES
ABOUT US
BLOG
CONTACT US
RESOURCES
CLIENT PORTAL

Home Should I file a 1099? (Quiz)

Should I file a 1099? (Quiz)

by Evan Provan

Take the following compliance quiz to determine if you should file a 1099!

1099 Quiz

What did you pay the vendor for?

Royalties

Services

Merchandise

Business rent

What type of rent did you pay?

Storage space

Commercial real estate

Machinery / equipment rental

Pasture rental

Did you pay $600 or more this year?

Yes

Who did you pay?

Landlord / Owner

Real Estate Agent / Property Manager

Did you pay $10 or more this year?

Yes

Did you pay $600 or more in services this year?

Yes

How did you / Will you pay?

Cash / Check / Debit Card / ACH / Zelle

Credit Card

Paypal / Venmo

What type of PayPal or Venmo account did you make your payment to?

Personal Account (Friend / Family)

Business Account

Were payments made to an attorney for services rendered?

Yes

What type of entity is your vendor, based on the completed w9 provided by vendor?

Sole Proprietor / Single-Member LLC / Partnership

S-Corp / C-Corp

I don't know

Answer:

You don't need to file a 1099!

Answer:

Yes, file a 1099!

Answer:

Get a W9 from your vendor!

Accounting & Bookkeeping

Connect With Us

We can't wait to meet you, find out about your business, and develop a strategy on how we can provide the accounting solutions your business needs to flourish.

call us now

Facebook
Instagram
Linkedin
Email

HOME
SERVICES
ABOUT US
BLOG
CONTACT US
RESOURCES
CLIENT PORTAL

This site uses cookies. Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used. For more detailed information on the cookies we use, please check our Privacy Policy. Accept Read More