[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/do-llcs-get-1099s\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/do-llcs-get-1099s\/","headline":"Do LLCs Get 1099s?  What About SMLLCs and LLC S Corps?","name":"Do LLCs Get 1099s?  What About SMLLCs and LLC S Corps?","description":"If you have your own business, and you don’t have a corporation, you probably...","datePublished":"2023-01-26","dateModified":"2023-01-27","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Do-LLCs-Get-1099s.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Do-LLCs-Get-1099s.jpg","height":460,"width":1900},"url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/do-llcs-get-1099s\/","about":["Business Taxes"],"wordCount":787,"articleBody":"If you have your own business, and you don’t have a corporation, you probably either have an LLC or have considered forming one.While forming an LLC can give a more professional appearance to your business as well as perhaps provide some legal protection \u2014 ask a lawyer about this! \u2014 forming an LLC in and of itself generally doesn’t give you any tax benefits.In general, you’ll still report your income and expenses the same way on Schedule C \u2014\u00a0unless, of course, you elected for your LLC to be taxed as an S corporation or a C corporation (we’ll get into that later).And your LLC could very well get a 1099 \u2014 even though it (probably) shouldn’t.\u00a0 Confused?\u00a0 I’ll explain.Table of ContentsToggleDo LLCs Get 1099s?Does a Disregarded Entity LLC Get a 1099?Does an S Corp LLC Get a 1099?Does a C Corp LLC Get a 1099?Does a Partnership LLC Get a 1099?Should I Put My LLC on My W-9?Do LLCs Get 1099s?Yes, LLCs get 1099s.\u00a0 There is nothing in the tax code that says LLCs, specifically, are exempt from 1099 reporting, and many payers issue 1099s to LLCs whether they are required or not.But here’s the kicker: LLCs\u00a0should only get 1099s if they’re taxed as a partnership.What?!\u00a0 Yes, it’s true.\u00a0 Hear me out.For federal income tax purposes, an LLC can be classified in the following ways:Disregarded Entity: classification for LLCs that have only one owner and that have not elected to be taxed as a corporationS Corporation: classification for LLCs that have no more than 100 owners and that have elected to be taxed as an S corporationC Corporation: classification for LLCs that have any number of owners and that have elected to be taxed as a C corporationPartnership: classification for LLCs that have more than one owner and that have not elected to be taxed as a corporationSo for the rest of the article I’m going to go through, one by one, whether each one of these LLC classifications should receive a 1099.\u00a0 But first, here’s a tidy little table summarizing what you need to know about if an LLC should get a 1099..simple_table-52173 table tr th{\ttext-align: center;\t\t}.simple_table-52173 table tr td{\ttext-align: center;\t\t}2023 Tax Rates1099?OwnershipTax ClassificationNoMulti-MemberS CorporationNoMulti-MemberC CorporationYesMulti-MemberPartnershipNoSingle-MemberS CorporationNoSingle-MemberC CorporationNo (technically should be issued to LLC's owner)Single-MemberDisregarded Entity Does a Disregarded Entity LLC Get a 1099?Disregarded entity LLCs should\u00a0not get a 1099 \u2014 in a perfect world.Don’t believe me?Check out Part I of the Form W-9 below \u2014 this is the form that independent contractors (the people who get a Form 1099-NEC) should complete and send to whomever they’re working for so that whoever they’re working for has the information they need to 1) determine if the recipient should be issued a 1099 at all and, if so, 2) the information they need to complete the Form 1099.\u00a0Note what is asked for in the green section on line 1 \u2014 the recipient’s name as shown on their income tax return.And do you know what disregarded entities don’t file?\u00a0 Income tax returns.What you should\u00a0not put on Line 1 is the name of your disregarded entity \u2014 in fact, the Form W-9 explicitly tells you to put your disregarded entity’s name on line 2 and only on line 2.And you should\u00a0not put your disregarded entity’s EIN on the Form W-9.\u00a0 Check out the orange highlight \u2014 “The TIN [taxpayer identification number] provided must match the name given on line 1.”Putting this all together, this means that you must put your\u00a0actual name on line 1, and the TIN indicated on the Form W-9 \u2014 and therefore the individual or business who will be issued the 1099 \u2014 must be that of the individual or business indicated on line 1, which should\u00a0not be the disregarded entity.Of course, for practical purposes, millions of disregarded entity LLCs get 1099s every year.But technically, those 1099s\u00a0should have been issued to the LLC’s owner.Does an S Corp LLC Get a 1099?No, an LLC S corp should not get a 1099 because entities taxed as corporations should not be issued 1099s.Related: Can My S Corp Pay Me Rent?Does a C Corp LLC Get a 1099?No, an LLC C corp should not get a 1099 because entities taxed as corporations should not be issued 1099s.Does a Partnership LLC Get a 1099?Yes, a partnership LLC should get a 1099 if it received income at or over the filing threshold.Should I Put My LLC on My W-9?Yes, you should put your LLC on your W-9.\u00a0 However, if it is a disregarded entity, put its name on line 2 but otherwise complete the Form W-9 as though your LLC did not exist."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Taxes","item":"https:\/\/moneydoneright.com\/taxes\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Business Taxes","item":"https:\/\/moneydoneright.com\/taxes\/\/business-taxes\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Do LLCs Get 1099s?  What About SMLLCs and LLC S Corps?","item":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/do-llcs-get-1099s\/#breadcrumbitem"}]}]