FYI Landlords: Service Providers 1099's

Proper request to the IRS:

AICPA, in a letter dated January 17, 2013, called on Acting IRS Commissioner Steven Miller and Chief Counsel William Wilkins to issue clear guidance as to when a taxpayer with rental real estate activity must file Form 1099-Misc.  They further request that Questions A and B be removed from Schedule E or at least be disregarded for tax years 2011 and 2012.

Here’s the down side.

The lack of clarity about the requirement makes even answering the questions on the form difficult. Such a request for information may constitute a disclosure necessary for a complete return or to avoid penalties.

via Should Landlords be Filing 1099s for Service Providers? – Forbes.


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