katdau71 Posted January 13, 2010 Report Share Posted January 13, 2010 I issued a 1099 to an S Corp. They called and said we should not send them one because we pay them by invoice. This doesn't seem right to me. We paid them over $5,000 and I think we are supposed to issue 1099. Please help. Quote Link to comment Share on other sites More sharing options...
ACS41 Posted January 13, 2010 Report Share Posted January 13, 2010 You need not issue a 1099 to a corpration unless they are a law firm. Quote Link to comment Share on other sites More sharing options...
taxit Posted January 13, 2010 Report Share Posted January 13, 2010 I issued a 1099 to an S Corp. They called and said we should not send them one because we pay them by invoice. This doesn't seem right to me. We paid them over $5,000 and I think we are supposed to issue 1099. Please help. You don't have to issue a 1099 to a corp. but you can if you want. Quote Link to comment Share on other sites More sharing options...
taxguy057 Posted January 13, 2010 Report Share Posted January 13, 2010 The invoice you receive from them for the 5000.00 will suffice for proof of payment you made to them for tax purposes. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted January 14, 2010 Report Share Posted January 14, 2010 These answers will all change in the coming years if the IRS has its way. Stay tuned for further developments... Quote Link to comment Share on other sites More sharing options...
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