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S-Corp received 1099-MISC Box 7 instead of 6
S-corp (medical physician) received 1099-misc from law firm with box 7 (NEC) filled instead of box 6. Since this was issued to an S-corp, is it an issue and should it be corrected? Even if the amount reported is included in income for the S-corp?
Thanks.
August 24, 2020
11:54 AM
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Business & farm
It is not an issue ... income is income no matter which box it is reported in.
August 24, 2020
3:16 PM