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Christopher Phelps
Christopher Phelps, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2710
Experience:  CPA, CFP, PFS, Tax Practitioner 21 Years, Member AICPA/CSCPA Tax/Financial Planning Committee Member
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do I need to send 1099s to LLCs and Partnerships

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Submitted: 10 years ago.
Category: Tax
Expert:  Christopher Phelps replied 10 years ago.

Generally, you must send a 1099 for payments made in the course of your business that total over the year $600 or more to all non-corporate entities, including partnerships and LLC's that are treated as partnerships for tax purposes.

Because it is impossible for me to identify and consider ALL the relevant facts, this advice is not intended or written to be used for the purpose of avoiding penalties, and cannot be used for that purpose.

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