Am I treading on thin ice if I haven't issued 1099s for contractors paid over $600?
2025 Top Tax Secrets and Strategies for RE Investors
I have not typically been issuing 1099s for contractors who I pay over $600. Am I treading on thin ice? How sticky is the IRS on this matter?
Question ID: 6604965 Status:
Open Mar 27, 2025 - 12:50 AM
1answer
Answer
May 02, 2024 - 01:01 AM
It really depends on how much we're talking about. But yeah, that's one of the reasons why I tell people about like, you need to report all your income because like, just because you don't get a 1099 doesn't mean somebody's not going to 1099 you later. I'm not going to recommend on that you do back 1099s, but go ahead.
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