S-Corp gives Soc#, not EIN number on W-9

across333 · #1 (**permalink**) 10-14-2013, 01:57 PM

Hello,

We just hired a subcontractor and received their W-9. The information on the W-9 gave me the Name, Business Name (which is LLC), they checked that they are an "S" corp but only gave us their social security number (no EIN is entered). Do we 1099 them?

Thank you for any info you can provide.

Wnhough · #2 (**permalink**) 10-15-2013, 09:38 AM

Quote:

Originally Posted by across333

Hello,

We just hired a subcontractor and received their W-9. The information on the W-9 gave me the Name, Business Name (which is LLC), they checked that they are an "S" corp but only gave us their social security number (no EIN is entered). Do we 1099 them?

I guess your sub-contractor might be a LLC treated as an S corp for tax purposes. As long as this is ture, then, you do not need to 1099 them. You can check it with the subcontractor.1099s are usually issued to individuals, not to businesses such as an S-Corp/ C-Corp. As you said, as long as your EE, the subcontractor, is an S corp , NOT SMLLC,(disregarded entity)/sole proprietor, you do not 1099them.So, in addition, firms that hire LLCs and pay them more than $600 per year must file Form 1099-MISC with the IRS to report the amount of the payment. (This requirement doesn't apply if the LLC has opted to be taxed as a S or C-corp.)