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<p>[QUOTE="zekeguzz, post: 1049369, member: 15455"]Is the ' KEY WORD ' here business? I've seen no post on " individual" or " person ". If a private individual pays someone or receives money over $600 would he or she still be liable to file a 1099? And if one doesn't file is the IRS geared up to handle</p><p>these situations? From the above discussion I think not. Course you still are liable for what, the next seven years??[/QUOTE]</p><p><br /></p>
[QUOTE="zekeguzz, post: 1049369, member: 15455"]Is the ' KEY WORD ' here business? I've seen no post on " individual" or " person ". If a private individual pays someone or receives money over $600 would he or she still be liable to file a 1099? And if one doesn't file is the IRS geared up to handle these situations? From the above discussion I think not. Course you still are liable for what, the next seven years??[/QUOTE]
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