It's $650.00 and it's anyone you give that much to in a year. 1099s are a way for the 'gubbamint' to verify that a company is reporting income. I get plenty of them each year but I don't have to turn any of them in to my accountant as I report EVERYTHING using Quickbooks.
The problem is that now it's a REQUIREMENT so you will pay your accountant a fortune to make up those dumb forms for everyone.
If you purchase over $650.00 from McDonalds, or Wendy's or whoever you will send them a 1099.
I'm in the state of MO and we voted it down 75/25 last month.
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