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What are the differences between s corp and c corp when it comes to year end reporting?Are they to be provided any forms? 1099 etc?
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Tax Professional Answers
Michael Baum, EA
If you are the one paying the corporation, you do not have to report your payments on a 1099. However, I would till recommend sending them a W-9 to document they are exempt from reporting. Keep in mind that many S-Corps are actually LLC's and you are required to send a 1099 to them. Also a good idea to check your Secretary of State's records to determine whether they are indeed a corporation.
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560 weeks ago