We all know that you do not have to send a 1099MISC to a Corp. How about a LLC?
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I send 1099's to all LLC's, they are not a corporation even though many lawyers refer to them as "Limited Liability Corporations". A plumber in our area has a fit when he receives his in the mail, but I don't see what the big deal is because he needs to claim the income. I THINK, but am not positive, it depends on how the state recognizes the LLC formation. -
Jesse...
.... I issues LLCs 1099s. Since an LLC can be disregarded or a partnership, they get one. But an LLC can be a corporation and I'm just not going to go through the trouble to find out if the LLC is a corporation or not, so they all get one.
I treat them according to their tax "election" and the related IRS guidelinesLast edited by BOB W; 01-28-2007, 07:09 PM.This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content.Comment
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I also issue to LLCs. I see them as Limited Liability Companies, not Corporations. Besides it doesn't hurt to send one if you don't need to, so why not error on the side of caution?Comment
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