[Jewelry making - Article 00079] - Re: [Orchid] Consignment and taxes

[Stephen Walker]

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>     I am afraid that you have completely misconstrued my comments. My
>     concern was the inadvisablity of giving out ones social security
>     number, because of the problem of identity theft.. There are other
>     means of identification one can use that satisfy the IRS.
>     requirements. 

    The range of answers to this question show that there is a lot of
    confusion about what is really required by the IRS. I believe that
    the gallery should not be asking for your SS# and would face no
    actual consequences if they stopped filing 1099. But it is unlikely
    that you are going to convince the gallery to change their
    accounting practices. So the question becomes "Do I want this
    account enough to play by their interpretation of the rules?" 

    Consignment requires a lot more trust than straight out sales. If
    you trust them enough to loan them your valuable work untill it
    might sell, and trust that they will actually pay you on time when
    and if it does sell and trust that if it is lost, damaged or stolen
    that you will still get paid and that all their accounting will be
    right and none of you sales are misplaced by sloppy book keeping -
    why not trust them to keep your SS# secure? I would have a harder
    time trusting anyone with the whole consignment arrangement. But
    sometimes I do. 

Stephen Walker

 
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