Do I need to give a 1099 to an advertising company that made an ad for my buisness??

[FrankF1 · Accepted solution]

Send a Form W-9 to the advertising company to obtain information regarding their Employer Identification Number (EIN) and type of business. If they are incorporated, you do not need to issue a 1099-MISC for advertising costs. You can obtain a copy of Form W-9 at https://www.irs.gov/pub/irs-pdf/fw9.pdf

You must file Form 1099-MISC if any of the following situations apply:

• Payments of $600 or more for services performed for your business by people not treated as your employees, such as fees to subcontractors, attorneys, accountants, or directors.

• Rent payments of $600 or more, other than rents paid to real estate agents.

• Prizes and awards of $600 or more that are not for services, such as winnings on TV or radio shows.

• Royalty payments of $10 or more.

• Payments to certain crew members by operators of fishing boats.

[groomer1]

thank you!!!