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Taking Care of Business The pen and paper aspects of DV -- put it in writing!

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Old May 28th, 2008, 04:26 PM   #1
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Join Date: Feb 2003
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IRS 1099 tax form

Am I, as a producer, supposed to fill out and mail to the announcer I hire throughout the year a 1099 tax form with the amount I've paid him during the previous year as an independent contractor?

I suddenly realized that perhaps I should have been doing this?
Robert Bobson is offline   Reply With Quote
Old May 28th, 2008, 06:17 PM   #2
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You need to give him a 1099 if you've paid him more than $600.
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Old May 28th, 2008, 06:23 PM   #3
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Yes, but you should be aware that there are special IRS rules about what constitutes an "independent contractor" in the video and film industries.

See:

http://www.mca-i.org/en/art/?41

and:

http://www.mca-i.org/en/art/?9

as examples.

If the person you paid does not meet the tests for independent contractor you could owe federal taxes that must be withheld and, depending on the state, worker's comp insurance payments.
Peter Wiley is offline   Reply With Quote
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