Brad Heck Music Industry Accounting and Tax

Musician 1099 FAQ
Let Brad Heck Inc. handle the filing and sending of all those forms. Simply download our easy to use 1099 misc worksheet and fax it to us. We do the rest. It's a SNAP! No more lining up red forms in a typewriter. No more running frantically to the post office to get those forms mailed by the January 31st deadline.

If I paid a band member or subcontractor less than $600 do I have to send a 1099?

No, however, you should have the person fill out a W-9 form and keep it in your files anyway. In an examination, the IRS can disallow subcontract labor deductions to parties that made less than $600 if you do not have the proper information about that person. It is good practice to always have a contractor fill out a W-9 before you pay that person.

I rented space for my business but paid less than $600. Do I still need to send a 1099 to the landlord?

No, but again, get a W-9 form filled out for the next year. Also be very aware that if your small business rents part of your home for business use, you must file a 1099 Misc from the business to yourself. The same rules apply to rental of equipment, practice space, etc.

My bass player quit in the middle of the tour last year and I can't find him to send a form. What now?

This is the NUMBER 1 reason you should ALWAYS have a W-9 filled before handing anyone money for services.

It is good practice for a touring band leader to also have the musicians sign a band policy and emergency contact form to help you locate that persons relatives in the event of something going wrong. The policy should clearly state that the musician is responsible for all his own taxes and insurances at a bare minimum. Contact your business attorney if you need help writing one up.

My band/business is a partnership and we all took money each month. Do we issue a 1099?

No, payments made from a partnership which you are an owner reports income on Form K-1 instead.

I forgot a subcontractor when I filed my 1099s. Now what?

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