An individual was paid $1500 in rents and $500 in non-employee compensation by S-Corp client. The instructions suggest the $600 threshold is applied to separately to each box. Is this correct, i.e. the $500 payment is not reported?
Announcement
Collapse
No announcement yet.
Form 1099-MISC
Collapse
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.