I'm a first time business owner learning as I go. I have a hair salon registered as an LLC. My stylists are all Independent Contractors, all weekly booth rent. Do I need to issue them a 1099 or any tax forms at all for the booth rent they paid me? My wife has been a stylist for almost 17 years and we have never received any tax forms from the salons she's worked at. I had one stylist just ask me for a "receipt" of all her booth rents paid in 2019. Is that just a receipt or some special tax form? I've only read that they should issue me a 1099-MISC. Thank you.
