During the 1/3 of the year I worked as a 1099 employee using my SSN as my tax ID. For the remainder of the year I was employed under my C-Corp who invoiced the same client during that time. Basically I formed a C-Corp and that entity billed the client (Corp to Corp).
I have received a 1099 for when I was doing work under my SSN, but should I receive something similar during the time my company was billing them? I'm getting mixed responses from various people (including tax preparers). Thanks for the input. -- Not only does Jesus save, but he makes nightly off-site backups.
davidg Good Bye My Friend Premium,MVM join:2002-06-15 none
our accountant always tells us tha t1099's to/from a corp don't matter since you report the income already on yoru corp taxes. i know WE don't issue a 1099 to any other incorporated entity where we spend money. -- Lack of Preparation on YOUR Part does NOT Constitute an Emergency on Mine!
reply to Drex Tax code only requires 1099"s be given to individuals who make more then $600 from that entity during the tax year. Vendors who are incorporated do not receive 1099's.
reply to Drex Tax code only requires 1099"s be given to individuals who make more then $600 from that entity during the tax year. Vendors who are incorporated do not recieve 1099's.
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