Single member LLC

[JenMO]

Farmer formed single member LLC. He has no employees, but pays out lots of machine hire and rent so has to send out 1099's. Does he have to get a new Fed ID#? The LLC has a different name, not the farmer's name. Does he then use this number on 1099's. I know there is something about disregarded entitities, (he will still just file a Sch F) and the numbers but I've been confused when reading. I thought I read that you could use either the SS# or the FED ID#, but wouldn't be more defining to the LLC to use the FED ID#? Can anyone give me a straight simple answer?

[Gretel]

He will need to get FEIN for single member LLC and use it for the 1099's. If it happened in the middle of the year you probably have to do 2 sets of 1099's.

[JenMO]

THanks

Thanks that was what I thought, but reading sometimes adds to my confusion of what is logical.