Everything you need to know about 1099's and more in the link below...GENERALLY if you pay someone over $600 you need to fill out a 1099 and send it to IRS with a 1096 transmittal by february 28 (?) I think. You give the person who was paid a copy for them to include income on their tax returns. There are various 1099's...you're probably looking at a 1099-MISC if someone did contract labor for you.
http://www.irs.gov/efile/article/0,,id=98114,00.html
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Jim
1987 Carrera
2002 BMW 525ti
1997 Buell Cyclone cafe project
1998 Buell S1W: "Angriest motorcycle I've ever ridden."
Last edited by Dueller; 04-16-2009 at 08:47 AM..
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