My Favorite pages

 

What's this?remove

 
  • Sign in to use the “My Favorites” feature.
 
Outstanding Design Winner National Association of REALTORS
Outstanding Realtor Association Web Site
Winner 2010

Connect with us on:

X Email this page:


OK Cancel
TAXES

According to the Internal Revenue Service (IRS), listing brokers who pay a cooperative commission over $600 to an individual who isn’t an employee must complete Form 1099-MISC. While this is not a new law, NAR says that not all real estate professionals are aware of the requirement. Have questions? NAR has information (login required) posted on its Web site at: http://www.realtor.org/letterlw.nsf/pages/1208_1099?OpenDocument&Login. IRS instructions for completing Form 1099-MISC and the form itself can be found at: http://www.irs.gov/pub/irs-pdf/i1099msc.pdf
  Related Topics: Taxes
Questions, comments or suggestions on this article? Have a news tip? Send a letter to the editor to: Newseditor@floridarealtors.org.