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Originally Posted by gregtx
I can totally see how tax issues would be a major problem.. we've been hit with some pretty hefty fines.. b/c tax ids no longer match a paid to...
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Me too
When I had Ultracash, I wanted to report paying foreign webmasters. Our software spit out 1099s for everyone and put all "0s" for non US webmasters. I sent them to the IRS and they fined me $20 for each one. It ended up being over a $20k fine. The thing is, before they let me know, it was another time for taxes and I did it again (not knowing it was wrong). They never did or said anything about them. I guess it just depends on who or what is doing the 1099s on any particular day.