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- Do your courtesy officers complete 1099’s for rent discounts?
Do your courtesy officers complete 1099’s for rent discounts?
Topic Author
Valerie Cosse' Lacy
6 years 7 months ago #19493
by Valerie Cosse' Lacy
Do your courtesy officers complete 1099’s for rent discounts? was created by Valerie Cosse' Lacy
Do your courtesy officers complete 1099’s for rent discounts?
Topic Author
Kim Gillett
6 years 7 months ago #19494
by Kim Gillett
Replied by Kim Gillett on topic Do your courtesy officers complete 1099’s for rent discounts?
Not any that I’ve had
Topic Author
Kathy Cross
6 years 7 months ago #19495
by Kathy Cross
Replied by Kathy Cross on topic Do your courtesy officers complete 1099’s for rent discounts?
Yes
Topic Author
Vanessa Sumner
6 years 7 months ago #19496
by Vanessa Sumner
Replied by Vanessa Sumner on topic Do your courtesy officers complete 1099’s for rent discounts?
I don’t think so it’s not income ... maybe I’m wrong!
Topic Author
Chad Christian
6 years 7 months ago #19497
by Chad Christian
Replied by Chad Christian on topic Do your courtesy officers complete 1099’s for rent discounts?
Per the IRS it is income. Same with employee rental discounts
Topic Author
Tifani Lee
6 years 7 months ago #19498
by Tifani Lee
Replied by Tifani Lee on topic Do your courtesy officers complete 1099’s for rent discounts?
There are exceptions, Chad.
Topic Author
Chad Christian
6 years 7 months ago #19499
by Chad Christian
Replied by Chad Christian on topic Do your courtesy officers complete 1099’s for rent discounts?
Tifani maybe so ... but every company I’ve worked for counts these situations as income.
Topic Author
Tifani Lee
6 years 7 months ago #19500
by Tifani Lee
Replied by Tifani Lee on topic Do your courtesy officers complete 1099’s for rent discounts?
And none I’ve worked for have.
Topic Author
Alison Carlson
6 years 7 months ago #19501
by Alison Carlson
Replied by Alison Carlson on topic Do your courtesy officers complete 1099’s for rent discounts?
Yes- and no rent discount is given on the books. I cut them a check for half their rent around the 25th of reach month to put rent toward their rent.
Topic Author
Julie Curtis
6 years 7 months ago #19502
by Julie Curtis
Replied by Julie Curtis on topic Do your courtesy officers complete 1099’s for rent discounts?
Yep!
Topic Author
Rebekah Rawlins
6 years 7 months ago #19503
by Rebekah Rawlins
Replied by Rebekah Rawlins on topic Do your courtesy officers complete 1099’s for rent discounts?
They should! They’re earning more than $600 for the year I would think!
Topic Author
Valerie Cosse' Lacy
6 years 7 months ago #19504
by Valerie Cosse' Lacy
Replied by Valerie Cosse' Lacy on topic Do your courtesy officers complete 1099’s for rent discounts?
Thanks for the great feedback and proving I know what I’m talking about. LOL
Topic Author
Nikki Summers
6 years 7 months ago #19505
by Nikki Summers
Replied by Nikki Summers on topic Do your courtesy officers complete 1099’s for rent discounts?
My current company don’t, but MId America & Hunt did
Topic Author
William D. Bedor
6 years 7 months ago #19506
by William D. Bedor
Replied by William D. Bedor on topic Do your courtesy officers complete 1099’s for rent discounts?
They Should because Management Companies bill the Property, then write it off as an operating expense and let’s face it Courtesy Officers are never worth the price they get such a huge return on.
Topic Author
Tifani Lee
6 years 7 months ago #19507
by Tifani Lee
Replied by Tifani Lee on topic Do your courtesy officers complete 1099’s for rent discounts?
Even if it’s not taxable to the employee it can still be deductible by the employer.
You just wouldn’t deduct that expense as employee wages it would be a direct cost of operating the business instead.
You just wouldn’t deduct that expense as employee wages it would be a direct cost of operating the business instead.