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In your plumbing business, you frequently have to hire contractors to do sewer work. If you do not issue 1099-MISC forms, how will that impact

image text in transcribedIn your plumbing business, you frequently have to hire contractors to do sewer work. If you do not issue 1099-MISC forms, how will that impact your tax liability?

Question 8 of 16 In your plumbing business, you frequently have to hire contractors to do sewer work. If you do not issue 1099-MISC forms, how will that impact your tax liability? Select an answer: You will not be able to avoid paying the contractor's income tax liability. You will not be able to use that contractor again for future work. You will not be able to count the charges as expenses on your income tax

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