Yahoo 1099 sent to my corporation?

Discussion in 'Publisher Network' started by cmeinck, Feb 3, 2007.

0
  1. #1
    I received a 1099 from Yahoo, but it's for my corporation. I thought if you were incorporated, you didn't get 1099's? Aren't they strictly for individuals?
     
    cmeinck, Feb 3, 2007 IP
  2. sjlnetwork

    sjlnetwork Peon

    Messages:
    46
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #2
    i think you need to ask your CPA
     
    sjlnetwork, Feb 3, 2007 IP
  3. Colbyt

    Colbyt Notable Member

    Messages:
    3,224
    Likes Received:
    185
    Best Answers:
    0
    Trophy Points:
    210
    #3
    Nope! Corps get them also. Flip the dude over and read the fine print on the back.

    Another little known fact is that if you buy more than 5K of product for resale there is another dumb form that is sent out.
     
    Colbyt, Feb 3, 2007 IP
  4. softstor

    softstor Active Member

    Messages:
    782
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    60
    #4
    I am a corporation and I received a 1099 too.

    I noticed that I did not select 'Except from backup withholdings'. Should I have selected this option?
     
    softstor, Feb 6, 2007 IP
  5. Colbyt

    Colbyt Notable Member

    Messages:
    3,224
    Likes Received:
    185
    Best Answers:
    0
    Trophy Points:
    210
    #5
    Only people who have been notified by the IRS that they must allow backup withhokding are required to do it.

    No harm done by you not checking the box, you just prepaid some taxes. Be sure to point out the withholding to your CPA.
     
    Colbyt, Feb 7, 2007 IP
  6. softstor

    softstor Active Member

    Messages:
    782
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    60
    #6

    No taxes have been witheld from my monthly checks.
     
    softstor, Feb 7, 2007 IP