Follow this chart to see if you must send someone a 1099Misc
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Did this Person or Company perform a service for you or your business? Or did you pay rent to them?
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YES
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Was the value of all services performed or rents paid during the past year $600 or more?
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YES
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Is this an individual as opposed to a company?
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NO
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Does the name of the company end in INC?
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NO
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You must have a W-9 to continue..go to decision chart section W-9.
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NO
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NO
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YES
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YES
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You do not have to send a 1099 Misc.
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Was this person an attorney?
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YES
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You must send him/her a 1099 Misc.
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You do not need to send a 1099 Misc unless the person or company is an attorney. If it is an attorney then you must send a 1099 Misc.
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NO
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You do not have to send a 1099 Misc.
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W9 Evaluation
Use this section of the chart after you have completed the top portion and have not determined whether to send a 1099 Misc.
Do you have a W-9?
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YES
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Is LLC checked on the top portion of the W-9?
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YES
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Does the space on the line, to the right of the LLC check mark have a letter in it?
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YES
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Is the letter a P?
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NO
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You are not required to send a 1099 Misc.
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NO
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NO
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NO
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YES
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You must have a W-9 to continue.
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Go to the beginning of the prior chart you should not end up here you must have made a wrong turn.
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You must send a 1099 Misc, the W-9 form is incomplete and the safest thing is to send a 1099 Misc.
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You must send a 1099 Misc.
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for amusement purposes only. The implicit and explicit opinions expressed here are the author's. SelectSmart.com does not necessarily agree.
