Skip to main content
J
jkc122
January 26, 2018

Issuing 1099's what some payments are card and some check

  • January 26, 2018
  • 2 replies
  • 0 views

For some vendors that require 1099's, we paid a few of the invoices via credit card and others via check.   Would I only put the total of the checks paid on the 1099 form since we are not supposed to report credit card payments?

 

This includes LLC vendors and also Lawyer payments.  Thanks!

      2 replies

      Charles1
      Charles1
      February 28, 2018

      If the vendor require a 1099, you report all payments. As far as the IRS is concerned, a payment is a payment, be it cash, check, credit card, or bartered services. If it has a value, it is concidered income.

        W
        WineGuy
        March 2, 2018

        JKC122, Charles1 is right, payment method is irrelevant in your case.  There is a small loophole for payments by gift card for very small amounts.  Doesn't sound like that applies in your case.  Payments is payments, tax deductible thankfully!

          Terms & ConditionsAccessibility statement