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During Covid 19, my business was down to one employee. He asked me to pay him in CASH only. He put his hours down on paper and when I paid him the cash, he signed acceptance for this cash
1 ANSWER
You absolutely should send the proper tax form, particularly as I assume that you are going to claim the compansation paid to this employee as an expense. However, 1099's are for independent contactors, not employees. Employees receive W2's.
Answered on Mar 31st, 2021 at 11:45 AM