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Old 05-27-2009, 06:13 PM
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1099 on S corp?

Hi,

My company has an independent contractor whom we issued 1099 to in the past, made a request to have us pay him under his newly established S corp name. The individual provides accounting service. As I can see from the 1099 form instruction, only medical and legal service under S corp are required be reported on 1099. Should we still issue 1099 to the S corp that provides accounting service?

Thank you.
MW



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Old 05-28-2009, 03:52 PM
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A 1099-Misc is not required to be issued to your independent contractor who has incorporated himself into an S Corporation. This in my opinion is consistent with my understanding of the IRS's 1099-Misc requirements.

Thus, you are not required to issue a 1099-Misc to your Accountant who has incorporated into an S corporation.

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