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what tax forms

Discussion in 'Business Fundamentals' started by birddseedd, Nov 2, 2012.

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  1. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    Im the contractor, my hired guys are the sub contractors. what forms do we fill out for taxes?
     
  2. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Which truck of yours are they using?
     
  3. Plowtoy

    Plowtoy Senior Member
    Messages: 929

    I see where you are going with this grandview. As long as the subs ARE TRULY SUBS, than a 1099 will be in order come January.
     
  4. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    2 guys in their truck with my equipment doing sidewalks. 1 guy with his truck and plow. and maybe another guy with my truck and plow
     
  5. GSS LLC

    GSS LLC Senior Member
    Messages: 639

    Get an accountant. Do it right.
     
  6. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    i caint even pay mysel a full time wage..... why yall think i stay around here :)
     
  7. BossPlow2010

    BossPlow2010 PlowSite.com Addict
    Messages: 1,033

    Then why are you paying other people to do your work? In your vehicle?
     
  8. Mick76

    Mick76 2000 Club Member
    from Maine
    Messages: 2,157

    If they're using your equipment, they are not subs...they are employees
     
  9. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    so i can make a little bit more money than i can on my own.
     
  10. Ranger429

    Ranger429 Member
    Messages: 43

    Yep, and if they are employees then you need workmens comp.
     
  11. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    why do you have to buy a 1099 rather than printing it off the website. how would the irs actualy know?
     
  12. tuney443

    tuney443 PlowSite.com Addict
    Messages: 1,847

    ALL gov't forms are free.Why would you think there would be a cost involved?????
     
  13. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    www.irs.gov/pub/irs-pdf/f1099msc.pdf
    "Attention:
    This form is provided for informational purposes only. Copy A appears in red, similar to the
    official IRS form. Do not file copy A downloaded from this website. The official printed
    version of this IRS form is scannable, but the online version of it, printed from this website, is
    not. A penalty may be imposed for filing forms that can’t be scanned."
     
  14. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    didnt end up buying the truck. so ill have 2 people using their truck and my snow blowers, and 2 peopel with their truck and plow (assuming i can find one more guy with a plow)
     
  15. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    So you can't pay yourself and you want to hire these guys to plow for you. What happens when you need to pay them at the end of the day and you have no money.:confused:
     
  16. RefinedPS

    RefinedPS Senior Member
    Messages: 131

    Just fill out the online order form. There is no cost for the forms.
     
  17. Mr.Markus

    Mr.Markus PlowSite Fanatic
    Messages: 5,169

    You should be a paid consultant to the nationals.....you are good at this.:)
     
  18. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    Im doing the work as a sub contractor threw another guy. they get paid the same way i do. turn in our hours, at the end of the month he invoices the places and they cut a check to him. he cuts a check to all his guys and me, then i cut a check to my guys.

    we are all on a 45 day delay or more from the point we perform the work.

    I have had people turn me down for not having the cash to pay them every 2 weeks.

    frankly half the people never even showed up for the interview not even knowing the pay condition
     
  19. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    which 1099 do i use? seems there are about 20 different ones.
     
  20. birddseedd

    birddseedd PlowSite Veteran
    Messages: 3,516

    Form 1099-MISC - Miscellaneous Income <--- 4 of these on their way. seems the most applicable
     
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