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March 31, 2022
Question

Independant Contractor jewelry manufacturing

  • March 31, 2022
  • 1 reply
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IRS TAX QUESTION:  I order custom designed jewelry from a manufacturer and then sell it wholesale and retail. Is the manufacturer considered an Independant Contractor from whom I would be required to obtain a W-9 and subject to 1099 reporting? What if a manufacturer is a foreign entity?

1 reply

March 31, 2022

If the jewelry manufacturer is a foreign entity you don't have to issue them a Form 1099.  If not foreign, then you should get a W-9.  If the manufacturer is a corporation (not an LLC or partnership that has elected S-Corp status) then you don't have to issue them a 1099. 

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