You must prepare a FORM 1099-MISC to people you had "business dealings" with that you paid $600 or more in a year.
The IRS does have Exceptions.
Some payments do not have to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required include all of the following.
- Generally, payments to a corporation (including a limited liability company (LLC) that is treated as a C or S corporation). However, see Reportable payments to corporations, later.
- Payments for merchandise
- Telegrams, telephone, freight, storage, and similar items
- Payments of rent to real estate agents or property managers.
IRS 1099-MISC
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