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### FAQ

How do small businesses pay their taxes?
Let:$S = 2 + 2^2 + 2^3 + \ldots + 2^{12}$.Multiplying by 2 you get:$2S = 2^2 + 2^3 + \ldots + 2^{13}$This is very similar to our previous expression. In multiplying by $2$ we have removed the first term, $2$, and added another, $2^{13}$. So:$2S = S - 2 + 2^{13}$So we immediately get:$S = 2^{13} - 2 = 2(2^{12} - 1) = 2(4096 - 1) = 2 \cdot 4095 = \boxed{8190}$
Assuming that you are talking about 1099-MISC.  Note that there are other 1099s.check this post - Form 1099 MISC Rules & RegulationsQuick answer - A Form 1099 MISC must be filed for each person to whom payment is made of:$600 or more for services performed for a trade or business by people not treated as employees,Rent or prizes and awards that are not for service ($600 or more) and royalties ($10 or more),any fishing boat proceeds,gross proceeds of$600, or more paid to an attorney during the year, orWithheld any federal income tax under the backup withholding rules regardless of the amount of the payment, etc.