1099 reporting

[Kenneth LaVoie]

I have been hearing so much about increased 1099 reporting that I just had to do the unthinkable and read the actual IRS publication. As it turns out, best I can tell, we do NOT HAVE TO 1099 corporations, as I've previously seen posted here and elsewhere. There are just CERTAIN corporations (medical payments, legal services) that will have to be reported. I'm pretty sure I read the most up to date instructions for 2011. Hope this gives someone a breath of relief this morning~!