Hi,

I received a 1099 Misc under my ss, can I report that under my scorp. I forgot to filed my w9 with my company info..Help!

Hello,
I'm sorry I didn't see this question earlier, but it's actually very simple.
I usually include the income from 1099-Misc on Schedule C, and on Page 2, Other Expenses section I include the same amount as expense and write the following:
"REPORTED UNDER CORPORATION NAME EIN: XX-XXXXXXX"
Your Schedule C will have ZERO net profit, and then you can add that 1099 income to your corporate income as if it was reported to your corporation.

no; Did you switch from being a sole proprietor to an S-corp and fail to give the payer a new W-9 ?And you received 1099MISC in your ss # deposited into your S corp acct; then, you need to amend your taxes to show this income where they want it shown, and not as S Corp income on 1120s. you need to decrease your reported S Corp income by the amount of these 1099misc. Your total income stays the same, and you do not owe them any money. You need to respond assoonasposible. You may start by asserting that the income was reported on the 1120S and you are not going to claim the income twice. You may submit copies of the bank statement showing the money in question was deposited into the business account and reported on the business account. Then explain the history of your relationship to the payer vs your status as sole proprietor or an S-corp. When you change from one to the other, you clearly can have a payer who holds onto an old W-9.Or amend your return and include a Sch C reporting the income on the 1099misc. Under Other Expenses you will deduct the total of the incomeby labeling it as Corporate Revenue Mistakenly Attributed to Taxpayer. And then,you may also want to include a brief statement explaining what happened. there is NO penalty in including a stmt for explanation.

You may contact the IRS for more info.

Exactly~~ aslongas 1099misc income was deposited into the corp's acct.