http://patriottaxandbookkeeping.com/full-disclosure-part-deux-irs-to-require-millions-of-1099s/ (978) 604-4253 Sun, 29 Apr 2012 19:39:25 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://patriottaxandbookkeeping.com/full-disclosure-part-deux-irs-to-require-millions-of-1099s/comment-page-1/#comment-60 admin Wed, 15 Sep 2010 20:18:10 +0000 http://patriottaxandbookkeeping.com/?p=326#comment-60 If your brother is in business the dealer would have to issue a 1099 under the proposal. The dealer most likely would make him fill out a W-9, which is a certification of the tax ID of the recipient of payments, since he could not confirm whether or not your brother was a sole proprietor. In your brother's case the tax ID would be his SSN. All sole proprietors have to disclose SSN's to customers on a routine basis, so this is not unusual. If your brother is in business the dealer would have to issue a 1099 under the proposal. The dealer most likely would make him fill out a W-9, which is a certification of the tax ID of the recipient of payments, since he could not confirm whether or not your brother was a sole proprietor. In your brother’s case the tax ID would be his SSN. All sole proprietors have to disclose SSN’s to customers on a routine basis, so this is not unusual.

]]> http://patriottaxandbookkeeping.com/full-disclosure-part-deux-irs-to-require-millions-of-1099s/comment-page-1/#comment-53 admin Mon, 28 Jun 2010 22:21:17 +0000 http://patriottaxandbookkeeping.com/?p=326#comment-53 This is just a proposal. The rules are not out yet. Individuals always put their SSN on W-9's when requested by customers or they don't get paid. This is just a proposal. The rules are not out yet. Individuals always put their SSN on W-9′s when requested by customers or they don’t get paid.

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