The IRS Says All Rental Property Owners Now Must Issue 1099’s To Everyone

Collier Swecker video blogs about tax legislation changes by the IRS that will require ALL rental property owners, regardless of size to issue 1099’s to any service provider or vendor who performs over $600 of work in any given tax year. Just because you are an individual who owns one or two units, your friends at the IRS have said that they will now be treating you just like any other property management company.  If you are familiar with the old 1099 IRS laws, you will remember that you did not have to submit 1099’s to For Profit “C” Corporations, but the new law requires you to submit 1099’s to these companies as well.  The penalty for not properly reporting 1099’s is now $250 per non-reported vendor / service provider. If you have any comments or questions, email me at or visit my website at

About Collier Swecker

Collier Swecker is a licensed real estate broker, attorney, blogger, speaker and entrepreneur. He is the founding partner of the Mega Agent Real Estate Team at RE/MAX Advantage which ranks as one of the top selling real estate teams in Alabama. Collier also acts as a business and marketing consultant for small business start-ups.

Collier graduated from Auburn University (B.A., 1998), Cumberland School of Law (Juris Doctor, 2002) and Washington University School of Law in St. Louis (Masters of Law in Taxation, 2003). Collier was the principal partner of the law firm Swecker and Sparks LLC for 3 years before leaving the law practice for real estate development and sales.

Collier is a native of Yorktown, Virginia and currently resides in Birmingham, Alabama with his wife, Amanda Capps Swecker. Collier & Amanda are the proud parents to a beautiful daughter, Julia Abigayle. They have one dog named Kramer.

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