What rules govern the 1099 employee form?

Answer by  MSH (305)

The rules governing the 1099 employee form would be with the IRS and with the state in which you worked. you woul have to look under self employment. You you look there for deduction you can take from you income and you would also have to pay self employment taxes

Answer by  Dean (4035)

All the rules regarding 1099 can be found at the IRS website. An employer must issue a 1099 to a contract employee that was paid more than $599 in the previous year. 1099s are issued by creditors who negotiate settlements or short sales that write off more than $599, and by any entity that grants a prize greater than $599.

Answer by  dcrusher59 (590)

Payments made to a person or business in a given fiscal year cannot exceed $600. 00 dollars in payment. A 1099 form must be filed with the IRS, with one copy going to the IRS and the other copy be mailed or hand delivered to the person who did the work.

Answer by  patti (29325)

The 1099 is a form required by the Internal Revenue Service. Employers who pay more than $599 to contract employees in the course of a year, must report that income and issue a 1099 to the contractor. The 1099 will show the amount paid to the named individual during the previous year.

Answer by  tamarawilhite (17883)

The 1099 form must be sent to any freelancer or contractor paid more than $600 over the course of a year.

Answer by  jeroboam (185)

You generally have to issue a Form 1099 to any independent contractor to whom you have paid more than $600 in a tax year, and then file it with IRS.

Answer by  jeroboam (185)

If you have the right to control the means by which a payee performs work, the payee is an employee; if so, a 1099 form shouldn't be issued (use W-2).