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how to pay contractor

 
 
jamesd
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      03-07-2006, 05:06 AM
I have an S-Corp in Virgina, USA.

I need to pay a person (independent contractor) in Egypt
$2,000 for some work they peformed in Egypt for me.


The Egyptian person has a Citibank personal account.


What is the best way to pay the person for their services
that will give me a tax deduction?


(a) paper check made out to the contractor name, which he
will cash/deposit at his Citibank
(b) western union him the money to his name
(c) third-pary programmer payment service like guru.com


Do I need to file a 1099 since the amount was over $600? How
does all this work??


Obviously, I would like to claim this as a business deduction.


 
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