do s corporation get 1099
1099-r and 1099-c forms for 2008 is find at www.irs.gov.
Yes. A 1099 C
If 1099 c is received and the debt is cancelled means that it still remains on your credit report.
The company may be a corporation, in which case some payments are not required to be reported on Form 1099-MISC. However, some payments to corporations ARE required to be reported on Form 1099-MISC. See the attached link to IRS instructions for Form 1099-MISC. Read the "Specific Instructions" section down through and including "Exceptions," then scroll down to "Reportable Payments to Corporations" and a couple of sections discussing payments to attorneys. If you are a business, it would be a good idea to read the entire instructions for Form 1099-MISC to familiarize yourself with the reporting rules.
For 1099-Misc, Int or Div reporting almost all corporations are exempt (Legal Corps/lawyers are the one exception I can think of).
do s corporation get 1099
1099-r and 1099-c forms for 2008 is find at www.irs.gov.
does a 1099 c effect social security benefits
Yes. A 1099 C
no it can't
If 1099 c is received and the debt is cancelled means that it still remains on your credit report.
what if the person receiving the 1099-c has been deceased for over 3 years and they send they send a 1099-c for 2009 tax year? There estate has been closed also for over 3 years
The company may be a corporation, in which case some payments are not required to be reported on Form 1099-MISC. However, some payments to corporations ARE required to be reported on Form 1099-MISC. See the attached link to IRS instructions for Form 1099-MISC. Read the "Specific Instructions" section down through and including "Exceptions," then scroll down to "Reportable Payments to Corporations" and a couple of sections discussing payments to attorneys. If you are a business, it would be a good idea to read the entire instructions for Form 1099-MISC to familiarize yourself with the reporting rules.
Form 1099-C is Cancellation of Debt. Article ID 3472 'Information about Form 1099-C' can be accessed at the TurboTax Support Site at http://turbotax.intuit.com/support/. In the search window, type 'Information about Form 1099-C'. The second item in the 'Answers' screen has that title (it's Article ID: 3472). According to that article, in TurboTax Interview, choose 'Select Specific Topics' in the 'Your Personal Income' screen. Next go to 'Less Common Income' and select 'View List'. Select 'Start' or 'Revisit' beside 'Miscellaneous Income, 1099-A, 1099-C'. On 'Any Miscellaneous Income' screen, select 'The cancellation of debt' and then 'Continue'. The next screen will guide you in entering the information from your 1099-C form.
yes
A mystery shopper doesn't fill out a 1099, they receive a 1099 to report their earnings. Then they take the 1099 and report that income on their schedule C and potentially a schedule SE to pay self-employment tax.