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1099 supplier

Posted: Thu Oct 18, 2007 5:07 am
by manpreet
dear friends,

what is 1099 supplier

Posted: Thu Oct 18, 2007 12:28 pm
by M Morton
Its a USA specific item.

When a supplier works as independent contractor. He is liable to pay Tax. He is supposed to make payment to authority.

1099 is a form issued by the employer/customer indicating the income made by the supplier during a period. No Tax is deducted for this supplier.

Posted: Fri Oct 19, 2007 2:17 am
by manpreet
dear
your mean lawyer,CA,professionals,employees and other contractors is 1099 supplier

please suggest me