Notice
Busseynoble is not a Trade or Business within the UNITED STATES or engaged in trade or business within the United States as outlined in TITLE 26 > Subtitle F > CHAPTER 79 > § 7701(a)(26) of the U.S. Code. We are not involved in the performance of the functions of a public office.
Busseynoble delivers Merchandise and receives payments for merchandise only. Payments for Merchandise includes “Any & ALL Payments” and/or payments for any of our merchandise. Payments for merchandise are not required to be reported on Forms 1099-MISC.
Please see “2011 Instructions for Form 1099-MISC”. You can view this document on the IRS website here http://www.irs.gov/pub/irs-pdf/i1099msc.pdf.
Look on the right side of this document for" Exceptions"(it will be right under Trade or business reporting only) and you will notice the following:
1) Exceptions. Some payments are not required to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required include:
• Payments for merchandise and similar items.
Please use this knowledge as you see fit.
This is not tax or legal advice.
It is not our opinion.
It is just the U.S.Code and instructions from the IRS.
To the best of our ability Busseynoble goes straight by the book and will not participate in any misuse of these codes.
