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    JORGEPOSADA's Avatar
    JORGEPOSADA Posts: 2, Reputation: 1
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    #1

    Jan 5, 2011, 10:59 AM
    Does a company need to report 1099 for company in puert rico?
    Does a company need to report 1099 for company in puert rico?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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's Avatar
    JORGEPOSADA Posts: 2, Reputation: 1
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    #3

    Jan 5, 2011, 11:42 AM
    How about the partnership or sole proprietorship is in puert rico?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    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.
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