tag:blogger.com,1999:blog-6318055043707993918.post8307206296512057214..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’Robert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6318055043707993918.post-63827712369221184532010-11-13T10:05:45.929-05:002010-11-13T10:05:45.929-05:00Anthony-
My concern is with the "casual"...Anthony-<br /><br />My concern is with the "casual" landlord - i.e. owner-occupied 2 or 3 family house or vacation rental. It means they have to apply for a federal EIN for themselves, and get EINs from all those who do repair work.<br /><br />Obviously the "professional" landlords - apartment houses, commercial property - would not feel the added burden as much, and would probably already have a separate EIN.<br /><br />I am not against sole-proprietors issuing 1099s - but only for services and not for purchases, as the probably unintended new rules will require,<br /><br />TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-36614426390932785062010-11-13T09:34:23.766-05:002010-11-13T09:34:23.766-05:00Regarding 1099s from Rental Property Owners, I had...Regarding 1099s from Rental Property Owners, I had thought that was already the rule. After some research it turns out it wasn't, but it seems to be accidental more than intentional.<br /><br />Are you also against 1099s being required from sole-proprietors? Isn't that pretty much the same thing?<br /><br />Maybe they should have made the requirement only for *active* rental property owners, but passive rental property owners are unlikely to have any 1099s to report anyway (maybe if their property manager is unincorporated).Anthonynoreply@blogger.com