Mon Jan 6, 2020, 04:37 PM
diva77 (6,372 posts)
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?
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11 replies, 655 views
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Author | Time | Post |
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diva77 | Jan 2020 | OP |
PSPS | Jan 2020 | #1 | |
diva77 | Jan 2020 | #4 | |
mcar | Jan 2020 | #11 | |
Auggie | Jan 2020 | #2 | |
diva77 | Jan 2020 | #3 | |
Auggie | Jan 2020 | #10 | |
marble falls | Jan 2020 | #5 | |
diva77 | Jan 2020 | #7 | |
mysteryowl | Jan 2020 | #6 | |
diva77 | Jan 2020 | #8 | |
mysteryowl | Jan 2020 | #9 |
Response to diva77 (Original post)
Mon Jan 6, 2020, 04:41 PM
PSPS (10,926 posts)
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, 04:47 PM
diva77 (6,372 posts)
4. thanks
I will look into getting TIN
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Response to PSPS (Reply #1)
Mon Jan 6, 2020, 08:43 PM
mcar (35,957 posts)
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, 04:42 PM
Auggie (26,611 posts)
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#. |
Response to Auggie (Reply #2)
Mon Jan 6, 2020, 04:45 PM
diva77 (6,372 posts)
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, 08:35 PM
Auggie (26,611 posts)
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, 04:51 PM
marble falls (38,940 posts)
5. I was told "no" by a tax guy here in Texas.
Response to marble falls (Reply #5)
Mon Jan 6, 2020, 04:56 PM
diva77 (6,372 posts)
7. Thanks!
...always good to have confirmation from a tax guy in Texas!!
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Response to diva77 (Original post)
Mon Jan 6, 2020, 04:55 PM
mysteryowl (4,798 posts)
6. EIN application
Response to mysteryowl (Reply #6)
Mon Jan 6, 2020, 04:57 PM
diva77 (6,372 posts)