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If I pay someone more than $600 to do a job, do I have to file a Form 1099?

Asked by 2davidc8 (10189points) June 1st, 2012

Am I required to file a 1099 with the IRS? What happens if I don’t?

If it is optional, is there any benefit to me in doing so? (At least, I guess it ensures that the person will pay his/her fair share of taxes on the amount I paid, right?)

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