Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Contractors
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

6
Posts
2
Votes
Gin Zhuang
2
Votes |
6
Posts

What form do I need to issue to my contractor who is a foreign profit corporation?

Gin Zhuang
Posted

Hi everyone, 

I want to issue 1099 to my contractor to be on the safe side. 

1. what 1099 should I issue to them? Should it be 1099-NEC? If not, what form? Do I need to submit 1099-NEC to IRS? 

2. If the contractor used subcontractor for parts of the work, do I need to give the 1099 NEC to all the subcontractors too? Or the contractor will take care of giving these forms to the subcontractors? 

3. I found my contractor is registered as a foreign profit corporation in North Carolina. They say the reason that they are called foreign profit corporation is because they originally founded in NC but now they operate in Georgia. They do not need any other form other than 1099-NEC. Is this true? Should I still issue 1099? Other than 1099, any other form should I give to them? 

Thanks,

Jade

Loading replies...