Rental Home Owners Face New Tax Reporting Burdens

[SK in CV]

[quote=Hobie]I know I colluded Social Security with use tax but it was to show how sales/income can be tracked.

[quote=SK in CV]
Payers are not on the hook for any SS taxes. [/quote]

How does it work say if I 1099 a firm in the amount of several hundred thousand dollars. Now suppose they skip out and don’t pay. And there is an audit. Are you saying the IRS will not knock on my door asking for at least the employer half?

Or, put a different way say if I use a fly by night company and 1099 them and later it was determined they gave me a bogus TIN or SS number and disappear. Don’t I still owe the IRS if they can’t collect from them?[/quote]

There is no “employer half” for non-employees. There is no employer/employee relationship in either of those examples. You won’t owe anything.

[Hobie]

I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.

[Hobie]

I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.

[Hobie]

I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.

[Hobie]

I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.

[Hobie]

I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.

[SK in CV]

[quote=Hobie]I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.[/quote]

Ain’t this a role reversal. Ok, lets say I have an apartment building. I pay a pool service, a gardner, a painter, a carpet installer, and an attorney to file a few unlawful detainers every year. They all supply me with their SS number or EIN and I file 1099’s every year. I assume the information they give me is valid. All my responsibilities have been fulfilled.

Do the pool guy and the gardner and the painter, etc. all report all of their income? I have no idea. I know the pool guy and the gardner have residential accounts that don’t file 1099’s. The attorney does some DUI’s too, and I know he doesn’t get 1099’s for them. But they’re supposed to report all that income anyway.

Tax enforcement is tough. Either the IRS is given tools by congress which range from slightly burdensome to unreasonable for small and big businesses alike, or they don’t collect the taxes they’re charged with collecting. I don’t think there is a simple solution.

[SK in CV]

[quote=Hobie]I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.[/quote]

Ain’t this a role reversal. Ok, lets say I have an apartment building. I pay a pool service, a gardner, a painter, a carpet installer, and an attorney to file a few unlawful detainers every year. They all supply me with their SS number or EIN and I file 1099’s every year. I assume the information they give me is valid. All my responsibilities have been fulfilled.

Do the pool guy and the gardner and the painter, etc. all report all of their income? I have no idea. I know the pool guy and the gardner have residential accounts that don’t file 1099’s. The attorney does some DUI’s too, and I know he doesn’t get 1099’s for them. But they’re supposed to report all that income anyway.

Tax enforcement is tough. Either the IRS is given tools by congress which range from slightly burdensome to unreasonable for small and big businesses alike, or they don’t collect the taxes they’re charged with collecting. I don’t think there is a simple solution.

[SK in CV]

[quote=Hobie]I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.[/quote]

Ain’t this a role reversal. Ok, lets say I have an apartment building. I pay a pool service, a gardner, a painter, a carpet installer, and an attorney to file a few unlawful detainers every year. They all supply me with their SS number or EIN and I file 1099’s every year. I assume the information they give me is valid. All my responsibilities have been fulfilled.

Do the pool guy and the gardner and the painter, etc. all report all of their income? I have no idea. I know the pool guy and the gardner have residential accounts that don’t file 1099’s. The attorney does some DUI’s too, and I know he doesn’t get 1099’s for them. But they’re supposed to report all that income anyway.

Tax enforcement is tough. Either the IRS is given tools by congress which range from slightly burdensome to unreasonable for small and big businesses alike, or they don’t collect the taxes they’re charged with collecting. I don’t think there is a simple solution.

[SK in CV]

[quote=Hobie]I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.[/quote]

Ain’t this a role reversal. Ok, lets say I have an apartment building. I pay a pool service, a gardner, a painter, a carpet installer, and an attorney to file a few unlawful detainers every year. They all supply me with their SS number or EIN and I file 1099’s every year. I assume the information they give me is valid. All my responsibilities have been fulfilled.

Do the pool guy and the gardner and the painter, etc. all report all of their income? I have no idea. I know the pool guy and the gardner have residential accounts that don’t file 1099’s. The attorney does some DUI’s too, and I know he doesn’t get 1099’s for them. But they’re supposed to report all that income anyway.

Tax enforcement is tough. Either the IRS is given tools by congress which range from slightly burdensome to unreasonable for small and big businesses alike, or they don’t collect the taxes they’re charged with collecting. I don’t think there is a simple solution.

[SK in CV]

[quote=Hobie]I understand the no employer relationship but there is no recourse by the IRS? Just by producing a bogus 1099??

Even as a smaller government is better guy, I don’t agree that the IRS should be shorted in this manner.[/quote]

Ain’t this a role reversal. Ok, lets say I have an apartment building. I pay a pool service, a gardner, a painter, a carpet installer, and an attorney to file a few unlawful detainers every year. They all supply me with their SS number or EIN and I file 1099’s every year. I assume the information they give me is valid. All my responsibilities have been fulfilled.

Do the pool guy and the gardner and the painter, etc. all report all of their income? I have no idea. I know the pool guy and the gardner have residential accounts that don’t file 1099’s. The attorney does some DUI’s too, and I know he doesn’t get 1099’s for them. But they’re supposed to report all that income anyway.

Tax enforcement is tough. Either the IRS is given tools by congress which range from slightly burdensome to unreasonable for small and big businesses alike, or they don’t collect the taxes they’re charged with collecting. I don’t think there is a simple solution.

[Coronita]

Well golly, I guess when you need a handyman, the solution to all this complexity imposed by new rules is just… hire a bunch of illegal aliens…… then you don’t need to be worrying about reporting income, because you know that they won’t be!

(end sarcasm)

Lol……

[Coronita]

Well golly, I guess when you need a handyman, the solution to all this complexity imposed by new rules is just… hire a bunch of illegal aliens…… then you don’t need to be worrying about reporting income, because you know that they won’t be!

(end sarcasm)

Lol……

[Coronita]

Well golly, I guess when you need a handyman, the solution to all this complexity imposed by new rules is just… hire a bunch of illegal aliens…… then you don’t need to be worrying about reporting income, because you know that they won’t be!

(end sarcasm)

Lol……

[Coronita]

Well golly, I guess when you need a handyman, the solution to all this complexity imposed by new rules is just… hire a bunch of illegal aliens…… then you don’t need to be worrying about reporting income, because you know that they won’t be!

(end sarcasm)

Lol……

[Author]

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