Bravada International Ltd (BRAV)

[jdarcy77]

if BRAV for whatever reason issues him a 1099 for his services it should be fine. he doesn't necessarily have to be on payroll.

however, i believe it's a misclassification. furthermore a 1099 applies to paid expenses only, therefore BRAV should be fine as long as BRAV doesn't deduct the expense for tax purposes (m-1 adjustment) - see expenses owed to related taxpayers.

i'd like to ask DA why it's classified as a consulting expense, since there a a few scenarios under which it could be advantageous as well as disadvantages