Hi. I own two businesses. One is a sole proprietorship. One is a single-member LLC.
When I work as a SP, my clients send me a 1099-MISC.
When my SMLLC hires an independent contractor (IC), the SMLLC files a 1099-MISC covering their IC service.
This year, I did some work for my SMLLC using equipment wholly owned by my SP. The accounting I did was: SMLLC paid the SP. The SP wrote an invoice, same as for every other client. Then the SMLLC cut a check, same as for every other IC. With respect to tax filing, my inclination was NOT to file a 1099-MISC. The SMLLC is a disregarded entity.
Should I have filed a 1099-MISC or not?
Thank you.
