[Jewelry making - Article 00008] - Re: [Orchid] Consignment and taxes

[Norman Buck]

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Meredith,

    The 1099 is required by the IRS as a way to report payments of $600
    or more in a year. 

    To create the 1099 the gallery needs your tax payer id number (TIN).
    This can be either your social security number (SSN) or an employer
    ID number (EIN). The gallery is used to working with individuals so
    they ask for a SSN. If you are uncomfortable giving out your SSN, you
    can get an EIN as an individual (even without employees). Go to
    www.irs.gov and search for EIN. Applying is for an EIN is quick and
    easy by web, phone or fax. 

Norman

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