Do corporations have to issue 1099s?

As with most tax questions it depends. Although (as a general rule) corporations are exempt from this requirement, there are some exceptions. See the list below and be sure to E-Mail us if questions.

Reportable payments to corporations. The following payments made to corporations generally must be reported on Form 1099-MISC.

• Medical and health care payments reported in box 6.
• Fish purchases for cash reported in box 7.
• Attorneys’ fees reported in box 7.
• Gross proceeds paid to an attorney reported in box 14.
• Substitute payments in lieu of dividends or tax-exempt interest reported in box 8.
• Payments by a federal executive agency for services (vendors) reported in box 7.