Do I need to issue a 1099 misc to an S-corp? Does a pass-through entity like an S-corp constitute a "corporation"?
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An S Corporation is a corporation. It is bundled with a tax election providing certain tax benefits to its owners. However, like any corporation, there is no requirement to issue a 1099-MISC to an S Corporation.
I have heard that (unless some pending law is resealed) beginning in 2012, all payments to any corporations will require a 1099. Is this true?
At this point there is no provision requiring the reporting to most corporations. However, there are several specific exceptions to this. They are referenced in the instructions 1099-MISC at the following link:
The pertinent portion begins on page 2. Please also remember that rules do change so I recommend that you check the 2012 instructions which will be issued later this year. They will be available at www.irs.gov