Do You Get A W-2 Or 1099 For Your Appraisal Services?

[Eli]

Tell me.

 

[Deleted member 130081]

Employees get W-2's and contractors get 1099's - single individuals can receive both in the same year.

 

[David Thompson]

I get a W-2 from my S Corp and 1099s from the AMC and mortgage companies...

 

[Deleted member 130081]

I get a W-2 from my S Corp and 1099s from the AMC and mortgage companies...

You just answered a question I had a bout an s-corp, which is if they provide a w-2 for owners or not. Seeing as you own your own s-corp, I take this as a reliable source. I am engaged in a discussion/argument on the matter in another thread. So, an s-corp is essentially a pass-through like a partnership? Or do you pay corporate taxes too?

 

[Tim The Enchanter]

1099 if they pay enough to pass the threshold, not sure what the figure is.
W2 is for employees.

 

[Pittsburgh Pete]

1099 if they pay enough to pass the threshold, not sure what the figure is.
W2 is for employees.

$600.

And yes, S-Corps are liable for corporate taxes.