Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Won't make a difference, I gather. E.g. previously if you were a business and paid rent to a landlord who was a individual (e.g. he reported that income on his individual income tax forms) you'd have to file a 1099. Now, in all cases, you'll have to file the 1099 (well, unless the rent is less than $600 per year).


What I mean is that in most cases, corporations do not have to receive a 1099-MISC from you, no matter how much you pay them. see http://www.irs.gov/instructions/i1099msc/ar02.html


And this law changes that, so now corporations need to be sent 1099's as well.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: