I file a schedule C for my side business. I have 19k in contract pay to a corporation. Do I need to give them a 1099 if they are already reporting it as revenue?

amber-willis · ‎June 3, 2019

Amount paid to contractor is about $19K.

CathiM · ‎June 3, 2019

No, you do not need to give a 1099-MISC to a corporation. According the page 1 of the IRS 1099-MISC instructions:

"Some payments do not have to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required:

Generally, to a corporation (including a limited liability company (LLC) that is treated as a C or S corporation)......"

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CathiM · ‎June 3, 2019

No, you do not need to give a 1099-MISC to a corporation. According the page 1 of the IRS 1099-MISC instructions:

"Some payments do not have to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required:

Generally, to a corporation (including a limited liability company (LLC) that is treated as a C or S corporation)......"

I file a schedule C for my side business. I have 19k in contract pay to a corporation. Do I need to give them a 1099 if they are already reporting it as revenue?