If you used your credit card to make a payment to a service provider in 2010, do you have to issue a 1099-misc to that services provider? I know that in 2011 the credit card company will have the new regulation to report under but I'm wondering if I still need to issue a 1099-misc form?

ANSWER

Expert Michael Guarnieri's Answer:

Yes! You must report on a 1099 any payments for $600 or more to a non-corporate entity (llc, llp, lp, individual)

Michael Guarnieri, CPA

New York

10 yrs experience

Currently 5.0000/5 Stars.
1
2
3
4
5

9 Ans.

SEARCH QUESTIONS

Tax Question?

Get Expert answers to your tax and finance questions.

Tax Deductions

Will A Roth IRA Conversion Trigger Self Emplolyment Tax?

My Employer Just Said That My 2008 W-2 Form Is Wrong!

More Dollars Going To New York Sales Tax.

Entries published weekly
on the BIDaWIZ Blog

Learn More

ABOUT SSL CERTIFICATES

The BIDaWIZ experts specialize in:

We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2025 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions

Business Tax

1099 Tax

QUESTION DETAIL

If you used your credit card to make a payment to a service provider in 2010, do you have to issue a 1099-misc to that services provider? I know that in 2011 the credit card company will have the new regulation to report under but I'm wondering if I still need to issue a 1099-misc form?

Michael Guarnieri, CPA

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance