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Payroll/Tax Question
Posted on 1/8/16 at 10:22 pm
Posted on 1/8/16 at 10:22 pm
I have a small business that subcontracts home health services for allied health professionals. I receive a 1099 from each agency my group contracts for, 1099 each of my contractors what I paid them.
I had one pay period begin on 1/5/15 for the first pay period of the year and one end on 12/20/15. I also had a pay period end on 1/3/16.
When I 1099 my guys, do I include the amount they earned in those gray areas before first pay period of the year and after last pay period of the year? Or do I just include the amounts that were actually paid out in the calendar year of 2015?
I had one pay period begin on 1/5/15 for the first pay period of the year and one end on 12/20/15. I also had a pay period end on 1/3/16.
When I 1099 my guys, do I include the amount they earned in those gray areas before first pay period of the year and after last pay period of the year? Or do I just include the amounts that were actually paid out in the calendar year of 2015?
3
Posted on 1/8/16 at 10:32 pm to Saint5446
If you're a cash basis tax payers you would recognize it when you paid out.
Posted on 1/8/16 at 10:43 pm to southernelite
Not sure I follow, they're 1099 and don't have taxes withheld.
Posted on 1/8/16 at 10:46 pm to Saint5446
Whatever year you wrote the checks in, is the year your would include that check on the 1099.
Check written on 12-31-15=included in 1099 total for 2015. Check written 1-1-16- included on 2016 1099
Individuals are cash basis.
Check written on 12-31-15=included in 1099 total for 2015. Check written 1-1-16- included on 2016 1099
Individuals are cash basis.
Posted on 1/8/16 at 11:36 pm to Ray Finkle
I see thanks guys.
Posted on 1/9/16 at 8:56 am to Saint5446
For wage reporting purposes it goes by the pay dates.
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