As with most tax questions it depends. Although (as a general rule) corporations are exempt from this requirement, there are some exceptions. See the list below and be sure to E-Mail us if questions.
Reportable payments to corporations. The following payments made to corporations generally must be reported on Form 1099-MISC.
- Medical and health care payments reported in box 6.
- Fish purchases for cash reported in box 7.
- Attorneys’ fees reported in box 7.
- Gross proceeds paid to an attorney reported in box 14.
- Substitute payments in lieu of dividends or tax-exempt interest reported in box 8.
- Payments by a federal executive agency for services (vendors) reported in box 7.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
- Tax Reform in picture format:
Our infographic explains 10 key elements of tax reform- November 9, 2018
- What happens when the heirs lose the Will?:
Here's what one family was forced to do.- September 25, 2018
- IRS Amnesty Program ends September 28!:
Non-reported foreign bank accounts will cost you dearly- September 24, 2018