Sure. If the company pays the 501(c) baseball team for having purchased these uniforms, the company need not 1099 them.
If the company pays the uniform supplier direcly, they would 1099.
The IRS is seriously trying to reduce the volume of 1099s they would have to receive, so any suggestions to reduce this volume should be sent to them.
Or just send a 1099 if that's easier; it isn't illegal to send one to a corporation.
Seth
Anyone have an idea what the CBO said this would raise? I looked at all the PDF's in
Oops. Somehow I was looking at the wrong website.
Now how did they come up with these estimates? That's the billion dollar question. I can only think they have an estimate of how much people are under-reporting (but I'd like to see the research), or the additional tax preparers will pay more in income taxes. And it's strange that the first year revenue is so little, then it increases about 8 fold to 3.3 billion, then decreases, and routinely increases every year.
One thing that's strange
If you want to know about how the JCT process fro revenue estimates work, read this:
in2012in billions:
Well, maybe not so strange if you figure out there is some delay that comes from the startup process. In fact, by doing a bit of back- projection, one could see a progression of
1.8 1.9 2.0 2.1 2.2 etc.with a shift of 1.4 from the first year into the second. That at least makes the numbers work out.
in2012in billions:
Sorry, I'm not getting it.
in2012in billions:
The actual increase in revenue is 1.8 1.9 2.0 etc. However, 1.4 from the first year isn't collected until the second year.
Seth
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