Tax Season - The Official Forum

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Sat Feb 06, 2016, 09:25am

bob jenkins bob jenkins is offline

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Join Date: Aug 1999

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Quote:

Originally Posted by Camron Rust

Federal, yes, it is $600. But, it isn't an employer. If so, you'd get a W2 and not a 1099. That is the cutoff where they are required to file one, but they may file one for smaller amounts.

I have heard or read (but do not know for sure) that some entities are required to report all payments to the IRS, but they only are required to send a 1099 to the taxpayer if >$600. It doesn't matter to me what they do -- I know what I do.

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