Do you 1099 a landlord??
 

This chick from my accountant's office called me yesterday and said I need to get my landlord's social security number or tax id number to 1099 them for the office rent I paid this year.

This is my first year in an office (moved it out of the house) but I've never heard of 1099's for landlords.

Do those of you who rent an office do this?

That bitch is retarded. Renting an office is BUSINESS EXPENSE. Not INCOME. which is what 1099s apply to. If you want to claim the rent as a business expense you do need recipts.

You have a way with words. :thumbsup

He is correct. Canceled checks will work fine for rent receipts.

Damn... hope that girl inst an accountant in her real life.


:1orglaugh :1orglaugh

It's income for the landlord. He's saying she wants him to send the 1099 to the landlord, the same way a sponsor sends you a 1099.

He doesn't have to send a 1099 to the landlord for rent. That's just retarded.

Time for someone to get a new accountant!

Please I know plenty of people in businesses and never filled out 1099 for rents. I've rented houses, apartements before and never had to fill out any stupid ass 1099. If that is true, fuck it, why bother? It's totally retarded.

:Oh crap and I thought I was bad at doing my taxes.

Oh yea try READING

An employer does not generally have to withhold or pay any taxes on payments to independent contractors. However, if you make total payments of $600 ormore during a calendar year to another person (other than a corporation) in the course of your farm business, you must file information returns (Form 1099) to report these payments. You report interest payments, including interest paid oninstallment sale contracts, of $600 or more on form 1099-INT. Payments of $600or more made for rents, commissions, fees, prizes, awards, independent contractors, and other payments and compensation, including payments to subcontractors and payments for services provided to you by nonemployees arereported on Form 1099-MISC.

Does this guy employ his landloard? Um no. Ergo he's not an EMPLOYER ths the rest doesn't matter.

from http://www.irs.gov/instructions/i109...02.html#d0e159

Did you even read what you just quoted?

Agreed.. My accountant is one of the best in the business and not once have they required me to send a 1099 to the company I lease office space from. I have never heard of such a thing. Keep your cancelled checks and write it off as an expense.

Most likely you lease from a corporation, when you lease from an individual you may be asked to file a 1099.

I'm right, you are wrong. And I stand by my statment that if true it's a retarded rule. Ever rent and apartment? Ever sent a 1099 to the landlord? Thought not. The "rents" part is if you paid someone in RENT instead of CASH for a JOB.

what is a landlord?

Are you being serious?

Good point I do lease from a corp.. That could be.. This is why I have an accountant. Keeping up with all this shit is crazy.

I've rented many an apartment and never had to send them a 1099... for 2 reasons:

1. I'm living there, not conducting business there.
2. They are usually corporations and exempt for the 1099 rental reporting requirements.

I've also rented office space on many occasions, and all but a few never required a 1099. The 2 that did were both people renting office space unincorporated.

I do agree wholeheartedly with you on taxes & the rules & regulations associated with them being retarded though.

You need a new accountant.

AgentCash is correct! Gator you need to shut your trap bitch and learn to differentiate between a business expense and a personal use expenditure!!

si. .