When Is a 1099 Required for a Finder's Fee? | Sapling
sapling.com
When Is a 1099 Required for a Finder's Fee? | Sapling
If you are in the business of offering referrals, you may be wondering, are referral fees taxable income? The truth is yes, if you earn more than $600, you should receive a 1099 for the money received. You'll need to report the finder's fee income on your tax return and pay any taxes due.
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