Question: If you do not get a Taxpayer Identification Number (TIN) from independent contractor Joan who earns $5,000 from your company in 2005, your company must:

If you do not get a Taxpayer Identification Number (TIN) from independent contractor Joan who earns $5,000 from your company in 2005, your company must:

Provide Joan with a 1099-MISC reporting the $5,000

Provide Joan with a 1099-MISC reporting the $5,000 and withholding federal income tax as you would for an employee

1099-MISC reporting the $5,000 and withholding federal income tax at the year 2005 backup tax rate of 28%

Withhold all payments from Joan until she gives you her TIN

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