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Subject Author Date
1099 & Garnishment Macy 02-02-2008
Posted by Macy on February 2, 2008, 8:16 am
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 How would you get gross 1099 earnings on the form when a portion is
paid to the independent contractor and a portion to the state?

The solution I came up with is to set up a bank type account I'll call
garnishment. Pay the independent contractor the state's portion from
the garnishment bank account. Pay the remaining balance due the
independent contractor from a regular bank account. Pay the state from
a regular bank account and charge the payment to the garnishment bank
account.

Any one have a better solution?

I searched this group before posting. A few years ago, some of the
usual suspects thought a garnishee had to be an employee. Let's not
revisit that.

Macy

Posted by Allan Martin on February 2, 2008, 10:30 am
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> How would you get gross 1099 earnings on the form when a portion is
> paid to the independent contractor and a portion to the state?
>
> The solution I came up with is to set up a bank type account I'll call
> garnishment. Pay the independent contractor the state's portion from
> the garnishment bank account. Pay the remaining balance due the
> independent contractor from a regular bank account. Pay the state from
> a regular bank account and charge the payment to the garnishment bank
> account.
>
> Any one have a better solution?

I do.


>
> I searched this group before posting. A few years ago, some of the
> usual suspects thought a garnishee had to be an employee. Let's not
> revisit that.
>
> Macy


Posted by Macy on February 2, 2008, 5:44 pm
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wrote:

>
>> How would you get gross 1099 earnings on the form when a portion is
>> paid to the independent contractor and a portion to the state?
>>
>> The solution I came up with is to set up a bank type account I'll call
>> garnishment. Pay the independent contractor the state's portion from
>> the garnishment bank account. Pay the remaining balance due the
>> independent contractor from a regular bank account. Pay the state from
>> a regular bank account and charge the payment to the garnishment bank
>> account.
>>
>> Any one have a better solution?
>
>I do.
>
A usual suspect showed up.

>
>>
>> I searched this group before posting. A few years ago, some of the
>> usual suspects thought a garnishee had to be an employee. Let's not
>> revisit that.
>>
>> Macy


Posted by Gil Faver on February 4, 2008, 12:58 pm
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>
> I am offering the Allan Martin Black Belt to the person or persons who
> come up with the same method I have.

I believe you are referring to the Allan Martin Black Heart, not belt.



Posted by Allan Martin on February 4, 2008, 1:13 pm
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> >
>> I am offering the Allan Martin Black Belt to the person or persons who
>> come up with the same method I have.
>
> I believe you are referring to the Allan Martin Black Heart, not belt.

Once I elevated the OP's post to black belt status he got an answer.


>
>


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