Home Page link  

Single member LLC

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Single member LLC Marion1E 01-20-2008
Posted by Marion1E on January 20, 2008, 1:18 am
Please log in for more thread options
 A single member LLC did some work for another company. The other
company wants to send a 1099 for the work complete. Do they have to
use the EIN and company name or the SS # and the person's name to
report the monies payed to the single member LLC.
Thank you for your input.
Marion

========================================= MODERATOR'S COMMENT:
If you're going to file a schedule C, it could be either;
but it's more busineslike to use the ein - mod

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Phil Marti on January 20, 2008, 9:12 am
Please log in for more thread options
>A single member LLC did some work for another company. The other
> company wants to send a 1099 for the work complete. Do they have to
> use the EIN and company name or the SS # and the person's name to
> report the monies payed to the single member LLC.

They use what's on the W-9 the contractor gave them.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Harlan Lunsford on January 20, 2008, 11:11 am
Please log in for more thread options
Phil Marti wrote:
>
>> A single member LLC did some work for another company. The other
>> company wants to send a 1099 for the work complete. Do they have to
>> use the EIN and company name or the SS # and the person's name to
>> report the monies payed to the single member LLC.
>
> They use what's on the W-9 the contractor gave them.
>
And that should be the EIN for the LLC.

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Death of a owner of a Single Member LLC January 18, 2008, 7:41 pm
Assistance in filing SS4 or EIN form for Single member LLC February 19, 2008, 1:22 am
Single Member LLC filing form 8832 (S corp taxation)--can I deduct recent expenses? December 11, 2007, 12:36 pm
LLC member salaries uneven? November 10, 2006, 5:29 pm
Member Active in LLC and Self Employment Tax April 9, 2007, 3:10 am
A foreign partner (member) in a LLC March 27, 2008, 11:15 pm
LLC foreign member tax problem April 16, 2006, 2:29 am
Single Event December 17, 2006, 6:40 pm
LLC Tax Question - Member exiting the business November 26, 2006, 10:54 am
Renting building owned by LLC to LLC member February 16, 2008, 1:11 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap