Need advice on taxes


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  1. #1
    Registered Attilka's Avatar
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    Default Need advice on taxes

    With the tax year here and my first year in business I have a small question. I've found an article that mentions I need to send a 1099-misc form to the companies I lease equipment from. Here it is: https://yourbusiness.azcentral.com/n...ment-1334.html
    I am leasing a HAAS machine. Does anyone know if I need to send this form to Haas? Thank you for any guidance!

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  2. #2
    Member Jim Dawson's Avatar
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    Default Re: Need advice on taxes

    You would send the 1099 to the leasing company. If you are leasing directly from Haas, then yes you would send it to them. You need their tax ID number and correct address, but all of that information should be on the leasing paperwork. If Haas does their own leasing, I suspect it is incorporated separately from the machinery side, like General Motors Financial is seperate from GM Auto.

    Jim Dawson
    Sandy, Oregon, USA


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    Registered Attilka's Avatar
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    Thank you very much, Jim!

    Quote Originally Posted by Jim Dawson View Post
    You would send the 1099 to the leasing company. If you are leasing directly from Haas, then yes you would send it to them. You need their tax ID number and correct address, but all of that information should be on the leasing paperwork. If Haas does their own leasing, I suspect it is incorporated separately from the machinery side, like General Motors Financial is seperate from GM Auto.




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Need advice on taxes

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Need advice on taxes