Hi - I am helping with the accounting for a small talent agency that started up this year. I had the exact same question you originally posted. I just want to make sure I understood the correct answer. To clarify:
The talent is going to receive a W2 because Production removed taxes, then we receive the payment made to talent (care of agency), deposit check then write a check to talent for the net (their fee less our commission). Then we do NOT need to send the talent a 1099 since they are already getting a W2 from the Production company?
