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Can an llc filing as a SCORP file a 1099? I know they should file a w-2 but do they have to?

chipfp
Level 1
 
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IRonMaN
Level 15

Yes, they have to file W-2s.  It's pretty hard to say someone is an independent contractor when they are in effect working for themselves.  Time to file late payroll tax returns and make those payroll tax payments ………………. and then be ready for the penalties.  People really need to sit down with a professional before they start these hair brained journeys rather than after.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.

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IRonMaN
Level 15

Yes, they have to file W-2s.  It's pretty hard to say someone is an independent contractor when they are in effect working for themselves.  Time to file late payroll tax returns and make those payroll tax payments ………………. and then be ready for the penalties.  People really need to sit down with a professional before they start these hair brained journeys rather than after.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.

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abctax55
Level 15

Similar thread, same answer:

https://accountants-community.intuit.com/questions/1814553-100-owner-of-scorp-need-to-issue-1099-to-...

W-2 is required.

Former Chump..umm... AllStar...This message was typed from 6 feet away so you can safely read it immediately.

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