{"id":1191,"date":"2013-11-21T15:33:37","date_gmt":"2013-11-21T19:33:37","guid":{"rendered":"http:\/\/www.realtaxtools.com\/Payroll-1099\/?p=1191"},"modified":"2016-11-22T18:19:51","modified_gmt":"2016-11-22T22:19:51","slug":"irs-section-1-6041-1e5-example-5","status":"publish","type":"post","link":"https:\/\/www.realtaxtools.com\/Payroll-1099\/1099\/irs-section-1-6041-1e5-example-5\/","title":{"rendered":"IRS Section 1.6041-1(e)(5) Example 5"},"content":{"rendered":"

 <\/p>\n

If you read form 1099-MISC instructions for “Box 1. Rents”, there is a paragraph that states “See Regulations section 1.6041-1(e)(5), Example 5.”. We have been getting inquiries from some of our 1099 software<\/a> users who can\u2019t locate the section referred to by this paragraph.<\/strong><\/p>\n

Below is the text for Example 5 from section 1.6041\u20131 (this text is taken AS IS from the US printing office – http:\/\/www.gpo.gov\/<\/a> ):<\/p>\n

“Example 5. G is a rental agent who manages certain rental property on behalf of property owner H. G finds tenants, arranges leases, collects rent, responds to tenant inquiries regarding maintenance, and hires and makes payments to repairmen. G subtracts her commission and any maintenance payments from rental payments and remits the remainder to H. With respect to payments to repairmen, G is performing management or oversight functions and is subject to the information reporting requirements of section 6041. With respect to the payment of rent to H, G is subject to the information reporting requirements of section 6041 regardless of whether she performs management or oversight functions or has a significant economic interest in the payment. See \u00a7 1.6041\u20133(d) for rules relating to rental agents. See \u00a7 1.6041\u2013 1(f) to determine the amount that G should report to H as rent.”<\/em><\/p>\n

\"W2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  If you read form 1099-MISC instructions for “Box 1. Rents”, there is a paragraph that states “See Regulations section 1.6041-1(e)(5), Example 5.”. We have been getting inquiries from some of our 1099 software users who can\u2019t locate the section referred to by this paragraph. Below is the text for Example 5 from section 1.6041\u20131 … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[201],"class_list":["post-1191","post","type-post","status-publish","format-standard","hentry","category-4","tag-irs-section-1-6041-1e5"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/posts\/1191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/comments?post=1191"}],"version-history":[{"count":4,"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/posts\/1191\/revisions"}],"predecessor-version":[{"id":1283,"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/posts\/1191\/revisions\/1283"}],"wp:attachment":[{"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/media?parent=1191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/categories?post=1191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realtaxtools.com\/Payroll-1099\/wp-json\/wp\/v2\/tags?post=1191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}