Who do I issue 1099 Misc to?
Jade12 asked:
Hi, I apologize if this question was taken up at some time. I am new in the 1099 Misc issuance field. Just need your advise if 1099 Misc are required for: Blue Cross insurance payments, AFLAC insurance payments, property and liability insurance payments (including broker payments), payments for life insurance, payments to payroll services provider, payments to waste collector, payments to locksmith, payments for car repairs, mortgage payments, and payments to utility companies (DWP) and Phone (landline and cellphone) companies.
Hi, I apologize if this question was taken up at some time. I am new in the 1099 Misc issuance field. Just need your advise if 1099 Misc are required for: Blue Cross insurance payments, AFLAC insurance payments, property and liability insurance payments (including broker payments), payments for life insurance, payments to payroll services provider, payments to waste collector, payments to locksmith, payments for car repairs, mortgage payments, and payments to utility companies (DWP) and Phone (landline and cellphone) companies.
Again, I apologize. I have read through the IRS instructions but am still confuse. I would not like to make a mistake.
Thanks.
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Comments on Who do I issue 1099 Misc to? »
1099s are not required for corporations or vendors who are corporations. So none of your examples require 1099s.
You really are confused.
You do not issue one to ANY of those people.
1099 is for independ contractors who you hire to work for you, not companies that you pay for services with.
A corporation doesn’t get a 1099, so most of those probably don’t get 1099’s.
In your trade and business, you issue 1099-MISC. Individuals DON’T.
Look at who you are paying.
As a general rule, you don’t issue one to a corporation. That gets rid of most of these.
That leaves individuals and partnerships. The only ones on your list are possibly the locksmith and the car repair shop. But if these were personal expenses, you don’t issue them one.