My company bought a trade show booth from an employee who has their own company. They are sole proprietor and?
April 5, 2009 by Retail Display Ideas
Filed under Trade Show Exhibits
Can you answer Stacey B’s question about Displays?:
I was instructed to send 1099 to anyone we paid more than $600 to that is not incorporated. He said he never recieved a 1099 as we just bought something from him.
I was instructed to send 1099 to anyone we paid more than $600 to that is not incorporated. He said he never recieved a 1099 as we just bought something from him.
1099 or no?
Making Money Online
Displays Feedback: A 1099 is required for services purchased but not for merchandise like a trade show booth.
Displays Feedback: Hi!
The 1099-MISC form is used to report payments made for services rendered. You have a purchase of an item and therefore no 1099-MISC is required to be sent.
Hope this helps.
Virginia Cunning, Enrolled Agent, Master Tax Advisor
H & R Block
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
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