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akonam
New Member

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

 
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DawnC
Employee Tax Expert

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

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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PatriciaV
Employee Tax Expert

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

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

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!

DawnC
Employee Tax Expert

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

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 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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

Do you know where can i find more information about it, Like IRS code? Thanks

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