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Hobie
ParticipantI 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.
ParticipantI 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?
ParticipantI 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?
ParticipantI 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?
ParticipantI 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?
ParticipantI 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?
ParticipantIt is not limited to just business it applies to everyones purchases over $600.
http://www.accountingweb.com/topic/tax/costly-changes-1099-reporting-health-care-bill
My take is that is the groundwork for taxing all internet purchases.
Suppose you buy a new TV online from New York. No sales tax. But you are supposed to pay use tax at the same rate of the sales tax. Only businesses who declare the asset pay this tax.
1099 Part 2. My understanding of a 1099 is technically the employer is on the hook to pay social security withholding. The issuance of the 1099 tracks who received the income or sales payment and who should pay the required estimated withholding. Now if the guy you 1099’d flakes out and skips without paying, I believe the IRS can come after you for the money. Maybe SK can chime in here.
So with this new use of the 1099 the IRS can track who received this new TV and by sharing data with the states can determine if the use tax was collected. Possibly deducting it from any Fed funds owed to the state.
Something to think about. Thoughts?
ParticipantIt is not limited to just business it applies to everyones purchases over $600.
http://www.accountingweb.com/topic/tax/costly-changes-1099-reporting-health-care-bill
My take is that is the groundwork for taxing all internet purchases.
Suppose you buy a new TV online from New York. No sales tax. But you are supposed to pay use tax at the same rate of the sales tax. Only businesses who declare the asset pay this tax.
1099 Part 2. My understanding of a 1099 is technically the employer is on the hook to pay social security withholding. The issuance of the 1099 tracks who received the income or sales payment and who should pay the required estimated withholding. Now if the guy you 1099’d flakes out and skips without paying, I believe the IRS can come after you for the money. Maybe SK can chime in here.
So with this new use of the 1099 the IRS can track who received this new TV and by sharing data with the states can determine if the use tax was collected. Possibly deducting it from any Fed funds owed to the state.
Something to think about. Thoughts?
ParticipantIt is not limited to just business it applies to everyones purchases over $600.
http://www.accountingweb.com/topic/tax/costly-changes-1099-reporting-health-care-bill
My take is that is the groundwork for taxing all internet purchases.
Suppose you buy a new TV online from New York. No sales tax. But you are supposed to pay use tax at the same rate of the sales tax. Only businesses who declare the asset pay this tax.
1099 Part 2. My understanding of a 1099 is technically the employer is on the hook to pay social security withholding. The issuance of the 1099 tracks who received the income or sales payment and who should pay the required estimated withholding. Now if the guy you 1099’d flakes out and skips without paying, I believe the IRS can come after you for the money. Maybe SK can chime in here.
So with this new use of the 1099 the IRS can track who received this new TV and by sharing data with the states can determine if the use tax was collected. Possibly deducting it from any Fed funds owed to the state.
Something to think about. Thoughts?
ParticipantIt is not limited to just business it applies to everyones purchases over $600.
http://www.accountingweb.com/topic/tax/costly-changes-1099-reporting-health-care-bill
My take is that is the groundwork for taxing all internet purchases.
Suppose you buy a new TV online from New York. No sales tax. But you are supposed to pay use tax at the same rate of the sales tax. Only businesses who declare the asset pay this tax.
1099 Part 2. My understanding of a 1099 is technically the employer is on the hook to pay social security withholding. The issuance of the 1099 tracks who received the income or sales payment and who should pay the required estimated withholding. Now if the guy you 1099’d flakes out and skips without paying, I believe the IRS can come after you for the money. Maybe SK can chime in here.
So with this new use of the 1099 the IRS can track who received this new TV and by sharing data with the states can determine if the use tax was collected. Possibly deducting it from any Fed funds owed to the state.
Something to think about. Thoughts?
ParticipantIt is not limited to just business it applies to everyones purchases over $600.
http://www.accountingweb.com/topic/tax/costly-changes-1099-reporting-health-care-bill
My take is that is the groundwork for taxing all internet purchases.
Suppose you buy a new TV online from New York. No sales tax. But you are supposed to pay use tax at the same rate of the sales tax. Only businesses who declare the asset pay this tax.
1099 Part 2. My understanding of a 1099 is technically the employer is on the hook to pay social security withholding. The issuance of the 1099 tracks who received the income or sales payment and who should pay the required estimated withholding. Now if the guy you 1099’d flakes out and skips without paying, I believe the IRS can come after you for the money. Maybe SK can chime in here.
So with this new use of the 1099 the IRS can track who received this new TV and by sharing data with the states can determine if the use tax was collected. Possibly deducting it from any Fed funds owed to the state.
Something to think about. Thoughts?
Participant[quote=sdrealtor]Nothing to be concerned with even if he was in the neighborhood. He was charged many years ago for sleeping with his underage girlfiend. He was only a couple years older. For that he is a lifetime registered sex offender.[/quote]
Obviously, you don’t have a daughter. I’d rather not do business with a molester. Many of us had the opportunity but never banged a minor. Fvck him. Some of us have standards. I used to have some respect for you.
Participant[quote=sdrealtor]Nothing to be concerned with even if he was in the neighborhood. He was charged many years ago for sleeping with his underage girlfiend. He was only a couple years older. For that he is a lifetime registered sex offender.[/quote]
Obviously, you don’t have a daughter. I’d rather not do business with a molester. Many of us had the opportunity but never banged a minor. Fvck him. Some of us have standards. I used to have some respect for you.
Participant[quote=sdrealtor]Nothing to be concerned with even if he was in the neighborhood. He was charged many years ago for sleeping with his underage girlfiend. He was only a couple years older. For that he is a lifetime registered sex offender.[/quote]
Obviously, you don’t have a daughter. I’d rather not do business with a molester. Many of us had the opportunity but never banged a minor. Fvck him. Some of us have standards. I used to have some respect for you.
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