Is a LTD Corporation exempt from 1099

1	Are LTD corporations 1099 reportable? ltd corporation 1099-misc asked 14 Jan '11, 15:11 Ruth Ann Hanig 11●1●2 accept rate: 0% edited 27 Feb '11, 00:05 TaxQueries ♦♦ 1.8k●8●36●111

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What is an 'LTD' Corporation? The term 'LTD' usually refers to a limited partnership.

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answered 15 Jan '11, 20:01

Bill-EA
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accept rate: 3%

Not necessary. In Maryland, corporations can use INC. Co. or LTD. We do.

(17 Jan '11, 21:39) EAgent

MD does LTD? I don't think so, an LTD is a foreign entity. I believe this a "liability limited by shares" which is foreign in nature.

(17 Jan '11, 23:29) SandySea

1	An LTD is usually foreign not US and if that is the case, then no 1099 requirements are enforced without either a TIN, ITIN or SSN. link answered 17 Jan '11, 20:11 SandySea 6.0k●1●6●26 accept rate: 7%

1	I think this is a European or Canadian LTD. In that case, no reporting is required unless they are required to file tax returns. link answered 17 Jan '11, 20:12 SandySea 6.0k●1●6●26 accept rate: 7%

Your post makes little sense. If you're asking if you must issue 1099s to those you pay $600 or more to, yes - for 2010 if you've paid an unincorporated entity, for 2011 when you pay ANY one. If you're asking if others must report payments to you of $600 or more, yes.

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answered 17 Jan '11, 21:40

EAgent
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