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1099 reporting to a partnership that is treated as an S corporation
August 12, 2021
Q. One of our vendors marked they are both a partnership and an "S corporation" on their W-9 Form. Is this correct and would they qualify for Form 1099 depending on the threshold and type of payment?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
A partnership can file a form to the IRS electing to be treated for tax purposes…
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