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The Weekly Bulletin Serving the construction industry since 1932 www.beac.com 20082009 BOARD OF DIRECTORS Builders Exchange of Alameda County December 7, 2009, OFFICERS John C. Robber, President Robbers

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What is referral fees?

Referral fees are payments made to individuals or entities for referring clients or customers to a business.

Who is required to file referral fees?

The individuals or entities receiving referral fees are generally required to report and file these fees for tax purposes.

How to fill out referral fees?

Referral fees should be reported on the appropriate tax forms, such as Schedule C for self-employed individuals or Form 1099-MISC for businesses.

What is the purpose of referral fees?

The purpose of referral fees is to compensate individuals or entities for referring new customers or clients, often incentivizing them to make referrals.

What information must be reported on referral fees?

When filing referral fees, important information to report includes the amount of fees paid, the recipient's name and address, and any other required identification or tax information.

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