how to pay contractor

Discussion in 'Accounting Software' started by jamesd, Mar 7, 2006.

  1. jamesd

    jamesd Guest

    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.
     
    jamesd, Mar 7, 2006
    #1
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