View Full Version : Does a company need to report 1099 for company in puert rico?
JORGEPOSADA
Jan 5, 2011, 10:59 AM
Does a company need to report 1099 for company in puert rico?
MukatA
Jan 5, 2011, 11:34 AM
No you do not issue 1099-misc to a corporation.
Yes, if it is partnership or sole proprietorship.
JORGEPOSADA
Jan 5, 2011, 11:42 AM
How about the partnership or sole proprietorship is in puert rico?
AtlantaTaxExpert
Jan 6, 2011, 07:12 AM
Yes, the Form 1099-MISC must be generated by such business in Puerto Rico, which is a commonwealth of the U.S. and thus subject to federal tax laws of the United States.