Taxpayer asks:
Aloha
Do I have any liability if I issue a 1099 to a contractor but they fail to report it or file their taxes?
Thanks for your input.
Taxgirl says:
Nope. Your job is done so long as you properly and timely issue the form 1099 to the independent contractor and file the associated paperwork (in most cases, a form 1096).
If the taxpayer fails to file, that’s on him (or her). The same would be true for an employer who issues a form W-2.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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