Robin Schmeerbauch on wed 5 apr 00
How is a co-op set up with the IRS and how does the
entity handle payroll/employee situations?
sincerely, Robin L. Schmeerbauch binster98@yahoo.com
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elizabeth priddy on sat 8 apr 00
ours does all the taxes with a regular
accountannt and sends each artist a statement.
The irs sends the artist a 1099 form
indicating how much in sales was reported
by the accountannt, and then the artist
handles it for himself, collecting all of
his 1099.s and dealing with it.
---
Elizabeth Priddy
email: epriddy@usa.net
http://www.angelfire.com/nc/clayworkshop
Clay: 12,000 yrs and still fresh!
On Wed, 5 Apr 2000 15:54:54 Robin Schmeerbauch wrote:
>----------------------------Original message----------------------------
>How is a co-op set up with the IRS and how does the
>entity handle payroll/employee situations?
>sincerely, Robin L. Schmeerbauch binster98@yahoo.com
>
>__________________________________________________
>Do You Yahoo!?
>Talk to your friends online with Yahoo! Messenger.
>http://im.yahoo.com
>
--== Sent via Deja.com http://www.deja.com/ ==--
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Jeanne Ormsby on sun 9 apr 00
Actually, the IRS does not send out 1099's, but rather your accountant is
doing this for you. The IRS gets a copy and eventually matches them back
against the returns for each individual. Then they send out notices if
there is no match. Even if you do not receive a 1099, you have a
responsibility to report your income, by the way. You still need to keep
books and records of your income and expenses. If the co-op is your only
source of income for this business, the 1099 should agree to your books.
Jeanne
At 06:03 PM 4/8/2000 EDT, you wrote:
>----------------------------Original message----------------------------
>ours does all the taxes with a regular
>accountannt and sends each artist a statement.
>The irs sends the artist a 1099 form
>indicating how much in sales was reported
>by the accountannt, and then the artist
>handles it for himself, collecting all of
>his 1099.s and dealing with it.
>
>
>---
>Elizabeth Priddy
>
>email: epriddy@usa.net
>http://www.angelfire.com/nc/clayworkshop
>Clay: 12,000 yrs and still fresh!
>
>
>
>
>
>On Wed, 5 Apr 2000 15:54:54 Robin Schmeerbauch wrote:
>>----------------------------Original message----------------------------
>>How is a co-op set up with the IRS and how does the
>>entity handle payroll/employee situations?
>>sincerely, Robin L. Schmeerbauch binster98@yahoo.com
>>
>>__________________________________________________
>>Do You Yahoo!?
>>Talk to your friends online with Yahoo! Messenger.
>>http://im.yahoo.com
>>
>
>
>--== Sent via Deja.com http://www.deja.com/ ==--
>Share what you know. Learn what you don't.
>
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