Scorp - Insurance agent
Gets Commisson every month
(1) Got 1099 from insu company to scorp. Is it right?
Report 1099 amount as a revenue on 1120s
Per book total deposit is less than 1099 amount
Any explanations or attachment with the return?
(2) Also, got 1099 misc for exclusive agent stock bonus plan . 1099 to share holder.
Should I just add to Revenue or report on sch "c"
Any other thing for insu company return?
Thanks!
Gets Commisson every month
(1) Got 1099 from insu company to scorp. Is it right?
Report 1099 amount as a revenue on 1120s
Per book total deposit is less than 1099 amount
Any explanations or attachment with the return?
(2) Also, got 1099 misc for exclusive agent stock bonus plan . 1099 to share holder.
Should I just add to Revenue or report on sch "c"
Any other thing for insu company return?
Thanks!
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