Are employers required to send I-99's?
By leedug
@leedug (920)
United States
January 22, 2007 9:33am CST
I am talking about for independent contractors. I know that earnings have to be reported if you have made over $600 for the year, but are employers by law supposed to send out an I-99 form if you made over $600? Or do you just calculate this on your own?
1 person likes this
3 responses
@alexdiazgranados (678)
• United States
24 Jan 07
I just checked with a friend of mine who helped me get a job as an independent contractor (editing study materials and software training manuals), and he said, with no degree of uncertainty that yes, by federal law all legitimate employers have to send out I-99s.
@givemebigmoney (21)
• United States
25 Jan 07
For Nonemployee compensation of $600 or more, the employer will file COPY A of a 1099 - MISC along with FORM 1096 to the IRS.
The recipient receives COPY B. Nonemployee compensation will appear in BOX 7 of the 1099 - MISC
@FloatingGum (346)
• United States
27 Jan 07
Yup - 1099's by law have to be sent by January 31. That said, if companies don't send them out by that time, but get them to you late, the IRS really doesn't do anything to them about it. Epinions did that to all of us last year.
