Where is everyone #5

It had been there a while when I looked at it. She said she would not get rid of it since it belonged to her dad, and I can appreciate that.

 

@1951 ford I've only processed the bill in my maintance logs and wife files it as a maintance cost. Never gone back to ask for w9 or 1099.

Sounds fishy

 

Current situation.... hopefully got all the little stuff out of the way. Back to NY tonight. Always little things.

 

What broke? @OLDSKOOLERnWV


Now I see new universal joint dang phones these days

 

Over $500/yr in certain services paid with cash or check (not parts vendors), you're supposed to issue a 1099. If you paid with a credit card, it's already issued on a 1099-K. Uncle Sam HATES cash. He wants to make sure he can steal, er, tax every single moving dollar he can.

 

I give a W-9 to the ranch since I do a lot of shop work for them...but I am usually billing them for something every month. I also gove one to the guy I'm leased to, but again, I'm invoicing him for some kind of mechanic work every month.

The "once in a while" customers never ask for it.

 

They hate bartering even more.

 

Now here in PA, out of state companies have to submit your purchase totals to the state. I've gotten notices from a few places with totals. PA wants their sales tax no matter where you buy it. Luckily 99% of everything I buy is exempt through either my business, the farm, or trucking, but I wonder how many people's returns will be flagged for audits when they haven't paid any use tax.

 

All I bother with is what the feds need. We don't do any state tax in Wyoming, personal or corporate.

 

No 1099 if it’s a corporation, I 1099 when I pay trucking companies that are single member LLC’s but not single member or corporate repair vendors.
I doubt it’ll change much for you to do it.