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Merlo, Accountant
Category: Tax
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Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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Do LLCs, LLPs, PAs receive 1099-MISC

Customer Question

Do LLC's, LLP's, PA's receive 1099-MISC?
Submitted: 8 years ago.
Category: Tax
Expert:  Merlo replied 8 years ago.
Hello Bridge,

The IRS does not require that 1099 forms be sent to corporations, except in the following instances:

1. Payments made for medical and health care.
2. Fish purchases made for cash
3. Fees paid to an attorney
4. Substitute payments in lieu of dividends or tax-exempt interest
5. Payments by a federal executive agency for services

Keep in mind that there are some firms which still may send a 1099 form to a corporation, even though it may not be required. This is usually done in circumstances where the reporting firm does not have a W-9 on file for the company who performed the services and there is uncertainty as to the company's legal status.

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Thank you.