Is your shop’s landlord an individual or a corporation? Are you SURE?
How about that handy person who put up your dressing rooms or laid carpet last spring? And who paid for the materials? Are you SURE?
If you’ve paid $600 or more to an individual there’s some nice government paperwork you need to file to avoid being put on
the IRS’s Naughty List.
Don’t forget what your business paid your lawyer. (I wonder about your CPA… guess your CPA would know. Great job security here, huh?)
And all these forms are due before April, so don’t delay.
Here’s an explanation to get you started. And here’s the official IRS info to slog through. Remember, don’t trust me. I’m not a politician or a lawyer.
And don’t miss the part where if you paid $600 or more for fish, that requires a form too.
Ours is not to reason why.
.
Auntie Kate The Resale Expert 
Does this apply to consignors who have made more than $600 in a the year?
Hi Julie, There’s always a lot of concern in the consignment industry about that. Have you studied the 2 links I included? Perhaps you will agree with me (although remember, I am NOT a tax attorney nor a CPA, so I cannot give you advise) that money people make off selling their possessions is not something that would require the consignee to issue these forms.