Business is in ABC LLC, say. Since LLC is single member LLC. I have been filing Schedule C on personal name and SSN. I have to issue a 1099 misc to a contractor. I know I am late and there is a penalty. But do I issue the 1099 MIsc using LLC name or personal name?
It's preferable to file it under the LLC. Also, you should include your LLC name on your Schedule C going forward. You can still operate your business under both your LLC and your personal name. All income/expenses to either you, or the LLC, can be filed on the same Schedule C.
Thanks for responding Karen. I wrote incorrectly that I was filing schedule c. It is schedule e that I was filing since the only income is rental income. There is no other income. I have the contractor's EIN and am ready to issue 1099- Misc and close out the return. Should I issue the 1099 using the LLC's EIN or my personal SSN? Thanks again for the quick response. Ninth year with TT and going... )