Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-05-2012, 02:22 PM
Junior Member
 
Join Date: Apr 2012
Posts: 2
Re: if need 1099, some <600 when deduct cost of withheld money for shared music demo

Hi,
I had a band last year. Some of my band members made >$600. We recorded a demo last year and as they wished, I deducted the cost of the demo from their pay for a few of the gigs. With that deduction, most of them made less than $600. Do they need 1099s if they therefore fall <$600 threshold?

Thanks a lot.
Alan



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
can 1099 be filed for money gifted iris14 Income 1 01-04-2012 10:52 PM
Is there a way to deduct money that was provided as a loan to open business bentoit S-Corporation 1 04-18-2011 08:58 AM
Do I report capital gains if taxes were already withheld? Taxed-Out Capital Gains 1 04-15-2011 10:40 AM
1099 misc. Do I have to claim this money from a lawsuit? sandi7820 Income 0 02-26-2011 12:35 AM
Does e-Filing cost extra money to file? Wayne Miscellaneous 1 03-03-2008 02:32 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.