1099 and S CORP?

0 ⤊

I amd the sole owner of an S Corp but some of my vendors have issued me 1099 on my name and SSN instead of corp name, when filing taxes, Would it be ok to show that income as a business income?

2007-02-02 17:27:52 · 2 answers · asked by Minderaser 1 in Business & Finance ➔ Small Business

2 answers

You need to get the 1099's corrected so as not avoid IRS confusion and trouble.

2007-02-04 13:35:24 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋

I don't see how they can do this unless you were an employee of theirs. If you weren't I don't beleive they can issue a personal 1099. Call the IRS They will help you.

2007-02-06 14:12:28 · answer #2 · answered by tim s 2 · 0⤊ 0⤋