My company bought a trade show booth from an employee who has their own company. They are sole proprietor and?
July 20, 2009 by Trade Shows and Exhibit Display Tips
Filed under More Trade Show Answers
Can you answer Stacey B’s question about Trade Shows?:
I was instructed to send 1099 to anyone we paid more than $600 to that is not incorporated. He said he never recieved a 1099 as we just bought something from him.
I was instructed to send 1099 to anyone we paid more than $600 to that is not incorporated. He said he never recieved a 1099 as we just bought something from him.
1099 or no?
How to Make Money Online
Trade Shows Feedback: A 1099 is required for services purchased but not for merchandise like a trade show booth.
Trade Shows Feedback: Hi!
The 1099-MISC form is used to report payments made for services rendered. You have a purchase of an item and therefore no 1099-MISC is required to be sent.
Hope this helps.
Virginia Cunning, Enrolled Agent, Master Tax Advisor
H & R Block
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
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