Today TaxMama hears from Don from our TaxBootCamp blog, who is puzzled. “Recently I was asked by a client for my SSN so they could give me a 1099.
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I explained that I’m self employed and pay my own quarterly taxes, and since I just provide a service and am not employed by my client there would be no need for them to fill out a 1099. My client called her accountant and he was insistent that I provide my SSN. For the past 18 years I have been self employed as a farrier (I shoe horses) in all that time I have never been asked to give my SSN to fill out a 1099. Is this something new or have I been doing it wrong?”
Yup. Don, You are totally wrong.
It’s specifically BECAUSE you are self-employed AND because you provide a SERVICE that the client must issue you a 1099. That happens to be the very definition of who must receive the form. IRS instituted this program in 1980 (yes, that long ago) to start catching self-employed people who weren’t reporting their earnings. IRS started enforcing it in about 1985, …sporadically.
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But, since there are so many non-filers and non-payers, IRS is ramping up enforcement now.
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But, my friend, you haven’t been doing anything wrong. It’s clear that you’re filing tax returns and making estimated payments. So, you’re not the target. But, as 7 of 9 used to say – you will comply.
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Remember, you’ll find answers to questions about 1099s and all kinds of tax issues, free. Where? Where else? At TaxMama.com
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