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Business & farm
Again, firstly, I very much appreciate your prompt and very thorough explanation with a practical solution (way out).
I think I share your view about the 1099 Misc may not be the correct vehicle for the issuer to be using. I think it serves THEIR purpose but doesn't work that well for the passive investors. I am going to share your opinion with the CEO of the company and see his reaction.
However, on the point that IRS would consider me self-employed simply because of the "intent to earn money", I would appreciate more convincing evidence. I do NOT in any way work for the issuer of the 1099-Misc, nor I receive any compensation as salary.
Once again, thank you very much for your help in the matter.
I think I share your view about the 1099 Misc may not be the correct vehicle for the issuer to be using. I think it serves THEIR purpose but doesn't work that well for the passive investors. I am going to share your opinion with the CEO of the company and see his reaction.
However, on the point that IRS would consider me self-employed simply because of the "intent to earn money", I would appreciate more convincing evidence. I do NOT in any way work for the issuer of the 1099-Misc, nor I receive any compensation as salary.
Once again, thank you very much for your help in the matter.
May 31, 2019
10:11 PM