Quote: (12-07-2015 01:53 PM)roberto Wrote:
Holy shit, we in the UK have it so lax compared with you in the USA when it comes to matters of self employment. This '1099 after more than $600 a year' business, is that for private clients too? Say someone you fitted a kitchen for worth 2k?
Issuing someone a 1099 for contract labor is essentially like having a receipt to prove a purchase (in case of an audit).
With the form 1099, people would be saying that paid thousands of dollars for contract labor that never happened, just for the write-off and there would be no "paper trail".
The issuance of 1099's is one of the lesser retarded aspects of the American tax code.