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Mon Jan 6, 2020, 03:37 PM

accounting question

about being an independent contractor --is it mandatory to give ss info to a client regardless of how much the pay was for the job; if not, when is it necessary to give that info?

11 replies, 515 views

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Arrow 11 replies Author Time Post
Reply accounting question (Original post)
diva77 Jan 6 OP
PSPS Jan 6 #1
diva77 Jan 6 #4
mcar Jan 6 #11
Auggie Jan 6 #2
diva77 Jan 6 #3
Auggie Jan 6 #10
marble falls Jan 6 #5
diva77 Jan 6 #7
mysteryowl Jan 6 #6
diva77 Jan 6 #8
mysteryowl Jan 6 #9

Response to diva77 (Original post)

Mon Jan 6, 2020, 03:41 PM

1. You have to provide something for their 1099 form

Theoretically, they have to issue 1099's only when a vendor/contractor is paid over $600 but many send them for all. They are required to get a W-9 from you for this which must contain either your SSN or a TIN/EIN. I don't like giving my SSN out, so I get a TIN from the IRS and use that.

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Response to PSPS (Reply #1)

Mon Jan 6, 2020, 03:47 PM

4. thanks

I will look into getting TIN

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Response to PSPS (Reply #1)

Mon Jan 6, 2020, 07:43 PM

11. Agree with this

I've been a contractor for many years but only learned in the last few about the benefits of a TIN/EIN. It took me only a few minutes to get one.

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Response to diva77 (Original post)

Mon Jan 6, 2020, 03:42 PM

2. In California it is not necessary to file a 1099 MISC if less than $600 was earned ...

so I'd wait for the client to ask for the tax I.D. number.

If you have a small business, consider getting a business tax I.D. number. You won't have to provide your SS#.

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Response to Auggie (Reply #2)

Mon Jan 6, 2020, 03:45 PM

3. thanks for this info. -- so regardless of whether the client asks for that info.

I am not obligated to provide it -- is that correct (if less than $600) ?

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Response to diva77 (Reply #3)

Mon Jan 6, 2020, 07:35 PM

10. As I understand it you are not obligated to volunteer your SS#

But should they ask for it then you'd have to give it up -- they could stop working with you.

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Response to diva77 (Original post)

Mon Jan 6, 2020, 03:51 PM

5. I was told "no" by a tax guy here in Texas.

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Response to marble falls (Reply #5)

Mon Jan 6, 2020, 03:56 PM

7. Thanks!

...always good to have confirmation from a tax guy in Texas!!

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Response to mysteryowl (Reply #6)

Mon Jan 6, 2020, 03:57 PM

8. very helpful link, thanks!

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Response to diva77 (Reply #8)

Mon Jan 6, 2020, 04:02 PM

9. You are welcome

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