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Generally, corporations are not subject to 1099 reporting requirements. However, there are exceptions, such as payments for legal services or certain types of healthcare payments. In most cases, payments made to corporations for goods and services do not require a 1099 form. Always consult a tax professional for specific situations and compliance.
What else can I help you with?
In forming a Sub S corporation if the shareholder contributes a piece of equipment to the corporation what is its basis in the corporation?
The equipment would become a fixed asset of the corporation.
What are kinds of corporation?
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
Characteristics of close corporation?
characteristics of close corporation
Why bank established as corporation in Philippines?
why bank are establish as corporation
Who pays the taxes within an S corporation?
Corporation Shareholders
What is a Delaware corporation?
A Delaware corporation would be a corporation that is incorporated in the state of Delaware.
Is my corporation an S corporation or a C corporation?
To determine if your corporation is an S corporation or a C corporation, you need to check with the IRS. S corporations have specific eligibility requirements and must file Form 2553 to elect S corporation status. C corporations are the default classification for corporations that do not elect S corporation status.
When a corporation receives a dividend from another corporation how is it taxed?
Dividends are income to the receiving corporation. If it is a sub-chapter S corporation, it is income to the shareholders, as is any other income of the corporation.
Who are the creditors of a corporation?
Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)
Who is responsible for a corporation debt?
the corporation
Is UFC a Corporation?
Yes. It is a corporation
Who is responsible for the debt of a corporation?
the corporation
Is Nike a corporation or franchise?
corporation
Why to have corporation?
A corporation shields one from personal liability. A corporation can keep ownership confidential. A corporation may have income tax advantages.
What is the difference between a public corporation a private corporation and a crown corporation?
"Public Corporation" can refer to a corporation that offers shares on the public market, or it can refer to a corporation that is owned by the government. Similarly, "Private Corporation" can refer to any corporation that is not government owned, or a corporation that does not list its shares on public share markets. A "crown corporation" is one that is owned by the government. This term is more widely used in UK, some Commonwealth countries and other monarchies.
Who are the main creditors of a corporation?
Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)
Is XEROX with Microsoft?
The Xerox Corporation is an independent corporation, not a subsidiary of any other corporation.
