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Medical Corporations - 1099

January 31, 2017 • EUN LEE • Log In to Post Comments

One of our medical doctor contacted me and asking if IRS Rule has changed that all medical corporations are now required to receive 1099s.  Any advise will help. Thanks.


Comments

Eun,

The instructions for the 1099-MISC under the heading "Reportable payments to corporations" states that payments made to medical and health care corporations must be reported in box 6.  This provisions is not new, but I think a lot of practitioners gloss over it because they think of the general rule that corporations are not required to receive 1099s for services.

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