paying empolyee

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Old 09-21-09, 11:22 AM
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paying empolyee

how much can i pay an employee without having to give a 1099?
cash for helping
 
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  #2  
Old 09-21-09, 12:02 PM
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Lets get some terminology straight.

Employees get paychecks with taxes withheld. At the end of the year they get a W-2 detailing their gross pay and all deductions for the year.

Non-employees get 1099's. You have to give them a 1099 if they get $600 or more during the calendar year.

Hope this helps.
 
  #3  
Old 09-21-09, 12:51 PM
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Originally Posted by cng808 View Post
how much can i pay an employee without having to give a 1099?
cash for helping
Yes, that helps. That is what I need to know. (600.00). I thought it was 500.00-600.00 but was not sure if that changed in the past 5 years.
Thank you
 
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