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1099 Reporting for Royalties Paid to a Corporation
January 28, 2025
Q. For 1099 purposes if a royalty holder is a corporation do we still send a 1099? Or are they exempt from 1099 filing due to corporate tax filing status?
A.
(Answered by IOFM's third-party tax expert)
You do not need to send 1099-MISC box 2 for royalties paid to a corporation.
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