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  • January 17, 2011 at 12:16 PM #655955
    SK in CV
    Participant

    [quote=LarryTheRenter]Is issuing a 1099 something you can do yourself with a simple form or does it require getting (and paying) an accountant to do it for you???? thanks[/quote]

    You can do it yourself, by hand would be a pain in the ass if you don’t know what you’re doing. If you do know what you’re doing, its gonna take maybe 1/2 hour for a few 1099’s. I just looked for low cost services online and Intuit will prepare all the forms for you for $39, $25 if done before Jan 23.

    January 17, 2011 at 8:33 PM #655051
    SD Realtor
    Participant

    It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.

    January 17, 2011 at 8:33 PM #655114
    SD Realtor
    Participant

    It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.

    January 17, 2011 at 8:33 PM #655711
    SD Realtor
    Participant

    It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.

    January 17, 2011 at 8:33 PM #655850
    SD Realtor
    Participant

    It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.

    January 17, 2011 at 8:33 PM #656180
    SD Realtor
    Participant

    It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.

    January 17, 2011 at 8:51 PM #655061
    Effective Demand
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.[/quote]

    Curious, What makes handymen so special that they get to cheat on their taxes and not be criminals?

    I do an honest days work too, can I cheat on my taxes?

    January 17, 2011 at 8:51 PM #655124
    Effective Demand
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.[/quote]

    Curious, What makes handymen so special that they get to cheat on their taxes and not be criminals?

    I do an honest days work too, can I cheat on my taxes?

    January 17, 2011 at 8:51 PM #655721
    Effective Demand
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.[/quote]

    Curious, What makes handymen so special that they get to cheat on their taxes and not be criminals?

    I do an honest days work too, can I cheat on my taxes?

    January 17, 2011 at 8:51 PM #655860
    Effective Demand
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.[/quote]

    Curious, What makes handymen so special that they get to cheat on their taxes and not be criminals?

    I do an honest days work too, can I cheat on my taxes?

    January 17, 2011 at 8:51 PM #656190
    Effective Demand
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.

    So good thing our govt is there to track them down and squeeze every cent out of them.[/quote]

    Curious, What makes handymen so special that they get to cheat on their taxes and not be criminals?

    I do an honest days work too, can I cheat on my taxes?

    January 18, 2011 at 8:17 AM #655220
    UCGal
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.
    [/quote]
    This was my first thought too – it’s a way of forcing off the books/undeclared income on the books/declared. It will hit the contractors more than the investment property owner.

    January 18, 2011 at 8:17 AM #655282
    UCGal
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.
    [/quote]
    This was my first thought too – it’s a way of forcing off the books/undeclared income on the books/declared. It will hit the contractors more than the investment property owner.

    January 18, 2011 at 8:17 AM #655879
    UCGal
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.
    [/quote]
    This was my first thought too – it’s a way of forcing off the books/undeclared income on the books/declared. It will hit the contractors more than the investment property owner.

    January 18, 2011 at 8:17 AM #656018
    UCGal
    Participant

    [quote=SD Realtor]It is not hard to do but it is a pain in the ass. It hurts the providers for the service alot more then the landlords. Lots of handymen type and other guys who do an honest days work will now be 1099’d for alot more of the work they used to not declare.
    [/quote]
    This was my first thought too – it’s a way of forcing off the books/undeclared income on the books/declared. It will hit the contractors more than the investment property owner.

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