1099 and W-9 Requirements
for all Businesses (this includes people with rental properties)
You must have completed W-9 forms for all subcontractors you paid
or will pay, $600 during the year**, so we can file 1099's in January.
Online fill-in forms are available at:
http://www.irs.gov/pub/irs-fill/fw9.pdf,
or you can obtain blank copies to print at: http://www.irs.gov/pub/irs-pdf/fw9.pdf
In addition to the W-9 forms, whenever you pay a new person, you
also need to fill out a DE 542, and mail it to the EDD "within
twenty (20) days of EITHER making payments of $600 or more OR entering
into a contract for $600 or more with an independent contractor
in any calendar year, whichever is earlier."
If you want to fill out the DE 542 online, go to: http://www.edd.ca.gov/de542.pdf
**$600 paid for rents, services (including parts and materials),
prizes and awards, medical and/or legal services. For further details
either call us or refer to: http://www.irs.gov/pub/irs-pdf/i1099m.pdf
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