Cat Taylor's Mewsings

Balancing left and right brain madness…

More on the 1099 Question from Intuit’s Little Square

“Starting with tax year 2011, you will not report payments you made to vendors using these methods:

  • Credit cards
  • Debit cards
  • PayPal (and similar payment services)

You will continue to report payments you made to your 1099 vendors using these methods:

  • Cash
  • Checks
  • Direct deposits
  • Electronic funds transfers

http://www.qblittlesquare.com/paying-others/1099s1096s/

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