Discussion:1099 Outside Consultants

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Discussion Forum Index --> Tax Questions --> 1099 Outside Consultants

JScrudato (talk|edits) said:

12 January 2006
My questions is:

When I 1099 outside consultants for work they have done do I included all monies paid to them which include reiburseable expenses;i.e. mileage, hotel, airfare, meals?

DZCPA (talk|edits) said:

13 January 2006
We include all payments to consultants in 1099 prepared.

PGattoCPA (talk|edits) said:

13 January 2006
I agree with DZCPA.

Additionally, if the consultant details out the meals on the invoice, you will not be able to deduct 50% of said meals on your tax return. If the consultant does not detail out the meals on the invoice, you can deduct the entire amount paid to the consultant. (The consultant, in the latter case, would then have to take the 50% hit.)

(For those who care, see ยง274(n)(2)(A))

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