You may be surprised by this headline, thinking, What? I must give a 1099 to a corporation? Are you kidding me?

No, we’re not kidding. It’s only certain corporations, but still—this may be a shock.

As you know, when your business makes payments of $600 or more from your business accounts to a person for services, you must send that individual a Form 1099-NEC and also file a copy with the IRS.

Fees for professional services paid to attorneys, physicians, and members ... Log in to view full article.