698554
I am a contractor and I need to refund a large amount over $20k to my customer for reimbursement of materials they purchased themselves on there credit cards. Would I need to 1099 them?
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No, because the refund is not taxable income to your customer. It is a return of their own money.
No, because the refund is not taxable income to your customer. It is a return of their own money.
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