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    guscusi's Avatar
    guscusi Posts: 65, Reputation: 1
    Junior Member
    		  
    #1

    Jan 13, 2010, 10:37 AM
    1099
    I am not sure if I have to issue 1099 form to the following businesses to whom I made payments above $600 in 2009 for their services & products to my corporation:

    1. Freightquote.com (an huge online freight company)
    2. a Customs Brokerage company
    3. Labor Ready (a large temporary worker supplier)
    4. Luxor (a furniture importer and manufacturer)

    It is not clear to me if only healthcare and medical corporations should receive the 1099, but all other not.

    Thanks in advance!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 13, 2010, 01:04 PM
    The general rule is that corporation-to-corporation transactions are NOT reported using Form 1099-MISC.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Jan 27, 2010, 11:30 PM

    It isn't just about being a corporation. There are certain things which are exempt from this... freight, telephone, products, etc. I think 3 of the 4 things you listed in your other post are exempt. (And can you please not double-post like that.) It's in the instructions:
    http://www.irs.gov/pub/irs-pdf/i1099msc.pdf
    guscusi's Avatar
    guscusi Posts: 65, Reputation: 1
    Junior Member
    		  
    #4

    Jan 28, 2010, 06:43 AM

    Morgaine,

    Thank you for your reply. Also, I did not double-post. This is the original post.
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