Have a Finance Question? Ask a Financial Expert Online.
Hello, and thank you for your tax question today.
In regard to receiving 1099s, you just ignore them in this situation, assuming that the total of these two documents is less than 25K. Normally, payers are not supposed to send 1099s to corporations, but when the sender is unsure, it is safer for the payer to send the document than to get a fine for not sending one.
If this satisfies your question, please take a moment to rate the answer. If you need further assistance or clarification, please post a follow-up question and I will be sure to respond.