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Should a franchisee file a 1099 for monies paid to the francshisor?
Tags: 1099, franchisor
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Asked by TheDNALady from Metuchen, NJAnswered 16 years ago.
4 Answers
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1099 forms are not limited to individuals. It is the dollar amount paid to the entity that worked as an independent contractor that determines if a 1099 is required. Commonly, medical practices, accounting firms, law firms and vendors providing services that meet the dollar threshhold set by the IRS require 1099 forms.Answered by The Iwan Law Firm, LLC 2216 Thornwood Ave, Wilmette, IL, 60091, 847-251-4926 (Novice with 14 pts.)
Answered 16 years ago. -
99% of franchisors are corporations, so a franchise should not be filing a 1099 for monies paid to a corporation. 1099s are filed against individuals.Answered by Raymond Young via Facebook (Novice with 4 pts.)
Answered 16 years ago. -
99% of franchisors are corporations, so a franchise should not be filing a 1099 for monies paid to a corporation. 1099s are filed against individuals.Answered by Raymond Young via Facebook (Novice with 4 pts.)
Answered 16 years ago. -
99% of franchisors are corporations, so a franchise should not be filing a 1099 for monies paid to a corporation. 1099s are filed against individuals.Answered by Raymond Young via Facebook (Novice with 4 pts.)
Answered 16 years ago.