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1099 reporting to LLCs
January 30, 2022
Q. If we have vendors that are classified as LLCs and are designated as C or S corps, do they need a 1099? Also, do we need to report for vendors who supply things like cafeteria supplies and components for production (metal bar stock, springs, motors)?
A.
(Answered by Sovos, a 3rd party software, services and education provider offering assistance in tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, Canada, Quebec, Puerto Rico and State…
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