Do Sole Proprietors Give Themselves a 1099?

Answer Form 1099 and all its variations are filed to report certain types of income. Form 1099-MISC is given to independent contractors to show income they were paid. A Form 1099-INT reports interest p... Read More »

Top Q&A For: Do Sole Proprietors Give Themselves a 1099

Is health insurance tax deductible for sole proprietors?

According to the Internal Revenue Service, stated under Section Number 162 of the Tax Code, health insurance is a deductible business expense for a self-employed individual in a sole proprietorship... Read More »

Can an online company give me a 1099 without my tax ID?

An online company cannot issue you a 1099 without a tax identification number. The company should send you a W-9 form, which consists of an official request for the number. After you return it, the... Read More »

Who must give out a TIN number for a 1099 form?

Independent contractors must file a form 1099 from the Internal Revenue Service if they make more than $600 per year. A TIN is a taxpayer identification number, which is usually your Social Securit... Read More »

Can a Small Business Give an Employee a 1099 Form?

By definition, you can't give an employee an Form 1099 for the work the employee performed. However, you can hire an independent contractor to do work for you, and if that work totals more than $60... Read More »