insurance repairs

by Guest » Sat Aug 27, 2011 08:54 pm
Guest

My insurance company sent us a check to get daages fixed on our home. when i send back the invoices or receipts from these repairs will the ins comp send 1099 to the contractors who did the work??

Total Comments: 1

Posted: Mon Aug 29, 2011 07:26 am Post Subject:

The company needs to send a 1099 to an independent contractor, who had earned at least $600 by working under that company in a year.
If the contractor was assigned by the insurer to do the work for you, then it should send 1099 to the contractor, if the amount touches $600.

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