Press Releases from 1099 Pro Inc. (1 total)
More Landlords Need To Issue 1099s For Rental Property Expenses
The new jobs and credit act signed by President Obama this week will make most landlords subject to 1099 reporting requirements. Even a private landlord renting out a single-family home will need to report payments for rental property expenses such as plumbing and painting.
The new law considers virtually all landlords to be conducting a trade or business. “So, just like any other business, they have to…
