fish wrote:where in the Internal Revenue Code does it say no deduction if you don't issue 1099s
fish wrote:I'm sorry.. where in the Internal Revenue Code does it say no deduction if you don't issue 1099s? You might want to get rid of the client because he doesn't issue 1099s and you think he should, but i wouldn't not claim the deduction. It's still a business expense.
Just make sure to mark the question about whether he filed 1099s.
jon wrote:If audited and they ask for back up what are you going to show them? If you have bill with name and address and hours work you may keep the deduction, if you have casual piece of paper with hours written on them, may not sustain the deduction. Is it not 263 that tells you what you need for a qualifying deduction. 1099 can work - what else?
FullContactPrep wrote:but I will speak to the spouse to see if agrees with forgoing the deduction. I'm almost positive she understands the risk to both of us and will convince her husband since she is usually the one that interact with anyway.
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