Today TaxMama hears from Linda in the TaxQuips Forum with this concern.
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“I have a very small business teaching classes and sometimes use a local clubhouse as a venue. Some participants pay me directly; others pay the clubhouse.
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The clubhouse keeps 10% for the use of the clubhouse and sends me the rest of the money. I didn’t think they needed to send me a 1099. But they are asking for my Social Security Number.
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Do they have to send me a 1099 or is there another way?”
Dear Linda,
They are sending you the 1099-MISC because “Some participants pay me directly and other pay the clubhouse who then keep 10% for the use of the clubhouse and send me the rest.” The clubhouse is sending YOU money. Since they are issuing checks to you, they must send you the 1099-MISC.
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Anyone who wants to deduct business expenses to a service provider (like you) must issue 1099s so IRS has a record of the amount paid to the service provider. The program is specifically designed to prevent people from running businesses without reporting their income.
This is an area that IRS is looking at seriously. They have literally disallowed deductions on business audits where 1099s were not issued.
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So, give in and give up your SSN – and report all the income.
And remember, you can find answers to all kinds of questions about new tax laws, and other tax issues, free. Where? Where else? At www.TaxMama.com.
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