Do foreign entities in business with us firms/ consulting outfits have to issue form 1099?

Forum|Forum|7 years ago
June 1, 2019
2 replies
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ItsDeductible Online

Best answer by DawnC

You do not need to receive a 1099 from the foreign company in order to report it on your tax return. You would list it as Other Income, either as self-employment income or miscellaneous income.

@dagan-peterson

PatriciaV

Level 15

No, the IRS rules regarding Form 1099-MISC do not apply to foreign entities operating outside the US. However, a foreign-based company with an office in the US would be required to prepare 1099-MISC under the IRS rules.

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dagan-peterson

Level 2

Do you know, if a foreign based company is not required to provide a 1099-misc, what form do you use to report income on your tax return? Thanks!

DawnCAnswer

Level 15

You do not need to receive a 1099 from the foreign company in order to report it on your tax return. You would list it as Other Income, either as self-employment income or miscellaneous income.

@dagan-peterson

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