Vendor is Husband/Wife Sole Proprietorship With Twist
We have a vendor claiming to be a husband and wife sole proprietorship. I have researched and found this to be okay, it is called a "joint venture" which became available to husband/wife sole proprietorships after 2006. Previously we have made checks payable to the business name. This year the husband is asking the checks be issued in his name and under his social security number. Is this okay or should the checks be made payable to the husband and wife or their business name or does it matter? If we make the check out to the husband and wife or business name does it matter which SSN we use? Thank You
Vendor LLC Request for New 1099
We have been asked by a vendor, an LLC, to reissue a 2009 1099-MISC using a different tax identification number. We used the number we received when the vendor account was established, which was the social security number of one of the owners/partners. The account was set up as LLC Name, DBA Owner's Name. During 2009, the LLC changed their tax identification number with the IRS. We were not notified of this change until January 27, 2010. Are we obligated to re-issue the 1099? Should we reissue it or are we correct to stand by the 1099 we originally prepared and sent to the LLC and its owners? The 1099 we issued was listed as Owner's Name, DBA LLC Name.
First, you should request a . . .
Two companies and same EIN: How do I report?
If I have two companies with the same Employer identification number--example XYZ LIMITED PARTNERSHIP (Merchant name) XYZ LIMITED PARTNERSHIP(Business name) ABC TAP ROOM(Merchant name) ABC TAP ROOM (Business name). Do I sent two forms using the same EIN? The only thing tying these together is the EIN. Thanks
LLC claiming corporate exemption from reporting
When the w-9 says the company is an LLC but then classifies it as a Corporation, do you have to send a 1099?
LLCs electing to file as co . . .
Sole Proprietor
A Sole Proprietor did some professional service work and it was paid out of pettycash. Should I issue a 1099 to the vendor?
Payments for reporting purp . . .