On: Tell HN: Coinbase now requires physical address of...

[criddell]

I just googled 1099 and this is what I found:

> If you made a payment during the calendar year as a small business or self-employed (individual), you are most likely required to file an information return to the IRS.

I don’t think that covers a homeowner paying for services. I’ve paid an appliance repair person more than that this year. I’m thinking about updating my home’s HVAC and that’s going to be way more than that. I hired a plumber earlier this year and spent about that. None of these things require a 1099 to be filed and I don’t wee why landscaping would be different.

[colechristensen → criddell]

You paid a registered business that pays their own taxes and reports their own income, sales tax was paid, you were the customer.

For business to business transactions for contract work or person to person transactions beyond a certain threshold, 1099s are legally required.

The difference is if you’re hiring “some guy” vs being a customer of a business.

[criddell → colechristensen]

I have no idea if the plumber or HVAC or any of the other people I hire pay their taxes or reports their income.

[wrycoder → criddell]

I double checked. You are correct. Only businesses need to file 1099s for contractors.