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Issue 1099 to commercial landlord and medical contractor?

I have a medical business and I rent office space. The landlord is a sole proprietor LLC. Should I have issued a 1099-MISC to the landlord for the rent I paid? (> $600)

 

I also used services of an internet marketing company, an S-corp. While normally you would not issue a 1099 to an S-corp, do I have to provide one in this case because mine is a medical business? Will it be a 1099-MISC or NEC?

 

Since it's well past January now, I suppose there is a fine for filing these forms late. Can TT compute this fine, and how do I pay it?

 

I tried accessing TT Quick Employer Forms online. It expects me to buy TT. How do I say that I have already bought a CD?

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3 Replies

Issue 1099 to commercial landlord and medical contractor?

I have a medical business and I rent office space. The landlord is a sole proprietor LLC. Should I have issued a 1099-MISC to the landlord for the rent I paid? (> $600)   Yes a 1099-misc is required.

 

I also used services of an internet marketing company, an S-corp. While normally you would not issue a 1099 to an S-corp, do I have to provide one in this case because mine is a medical business? Will it be a 1099-MISC or NEC?  NO ... a 1099 is not required when paying a corporation.

 

Since it's well past January now, I suppose there is a fine for filing these forms late. Can TT compute this fine, and how do I pay it?   The IRS will bill you later. 

 

I tried accessing TT Quick Employer Forms online. It expects me to buy TT. How do I say that I have already bought a CD?  To use QEF option you must log in with the same account that you used to register the CD version ...  https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/01/25869

Issue 1099 to commercial landlord and medical contractor?

Thank you, Critter-3!

 

The thought behind question #2 was the IRS instructions for 1099 which say that medical and healthcare payments payable to corporations are reportable. However, I suppose that means the contractor has to be in the medical business, not me ...

Issue 1099 to commercial landlord and medical contractor?

Correct.

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