Tuesday, February 23, 2010

Taxes for band leaders..

Form 1099-MISC is a form required by the IRS to report payments to independent contractors, such as band members that are not paid through payroll. A form must be prepared for anyone that you paid at least $600 or more in a calendar year. If the payment was made to someone who is not self-employed you do not need to prepare a form for them.

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