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    aalexan103's Avatar
    aalexan103 Posts: 1, Reputation: 1
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    #1

    Jan 19, 2007, 08:45 AM
    Preparing 1099-MISC forms
    I am preparing 1099-MISC forms for the first time. I looked at how our company did them last year and am confused. The IRS instructions say that you are supposed to issue a 1099-Misc for rent payments and this was not done in the past. We pay rent to a leasing company as well as a non-profit organization that we sublet space from. Should I be issuing a 1099 to both? I assume this includes equipment rentals too for copiers, postage machines, etc. Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jan 19, 2007, 12:02 PM
    If the leasing company is a corporation (C or S), no Form 1099 is required for them.

    Not sure about the non-profit, so issue them one to be safe!

    As for the equipment rentals, if the companies involved are corporations, no 1099 is required. Otherwise, issue them.
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