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Originally Posted by BigUmp56
Rich,
It's my understanding that if our pay doesn't reach $600 we need not report this as income on a 1099.
Tim.
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Tim:
Rich is correct. A 1099 is only generated when one (1) entity pays another entity $600 or more in a given tax year. He is also correct that in the immortal words of Yogi Berra, late of AFLAC commercials, that a gift certificate is the same as "cash which is just as good as money."
MTD, Sr.
__________________
Mark T. DeNucci, Sr.
Trumbull Co. (Warren, Ohio) Bkb. Off. Assn.
Wood Co. (Bowling Green, Ohio) Bkb. Off. Assn.
Ohio Assn. of Basketball Officials
International Assn. of Approved Bkb. Officials
Ohio High School Athletic Association
Toledo, Ohio
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