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snowfish
New Member

I filed 1099 NEC on several S Corp. contractors.

 was ignorant. I also received a 1099 and I am an S Corp. Is this a problem or can we all just be sure we include these amounts without duplication. Ill make sure I don't report in 2025

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2 Replies
DianeW777
Expert Alumni

I filed 1099 NEC on several S Corp. contractors.

If I understand your question, you filed Forms 1099-NEC to S-Corporations when it is not required. If this is the case, then you can correct these forms by sending the corrected forms to the IRS (and state if applicable) by putting zero in the income box reported and marking the 'CORRECTED' check box at the top.  Also include the Form 1096 transmittal.  

Do make sure to report the total income for your S-Corporation and just retain the 1099-NEC you received in your tax files.

 

Instructions Form 1099-NEC and 1099-MISC

Some payments do not have to be reported on Form 1099-NEC, although they may be taxable to the recipient. Payments for which a Form 1099-NEC is not required include all of the following.

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

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I filed 1099 NEC on several S Corp. contractors.

There is no matching of 1099's for corporations (including S corporations).

As a result, I wouldn't worry about it.

As you noted, just remember to not file these forms next year for any corporation or S corporation.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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