Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
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 over 6 years ago,

User Stats

1,217
Posts
932
Votes
Mike S.
  • Investor
  • Broward County, FL
932
Votes |
1,217
Posts

Issuing a 1099 for more than $600 of lawyer fee

Mike S.
  • Investor
  • Broward County, FL
Posted

I am aware of the requirement to issue a 1099-MISC to your lawyer when you are paying him more than $600 per year. However I am confused about the following situation:

I have a holding multi member LLC with its own EIN.

This holding LLC owns multiple single member LLCs, that also have their own EIN. These single member LLCs are disregarded entity for the IRS.

Now lets say that each of these sub LLCs are paying the lawyer $200.

The total of all the lawyer fee will be over $600, but each LLC would be under.

Should I issue anyway an 1099-MISC from each sub LLC for $200 under its own EIN, even if it is under $600?

Should I issue a global 1099-MISC from the holding LLC EIN, even if each invoice was issued for each sub LLC, risking confusing the lawyer CPA?

Loading replies...