Is it correct that it only applies to services purchased from other LLCs? For example, for services purchased from Corporations, it should not be filled anyway?I think you should file if you hired a US contractor and paid for services performed in the US. Not required if you paid another NRA (non US source income). And no 1099 for sale of goods, it's only for services.
I recommend reading this one.Is it correct that it only applies to services purchased from other LLCs? For example, for services purchased from Corporations, it should not be filled anyway?
Not required to file information returns
You are not required to file information return(s) if any of the following situations apply:
- You are not engaged in a trade or business.
- You are engaged in a trade or business and
- the payment was made to another business that is incorporated, but was not for medical or legal services or
- the sum of all payments made to the person or unincorporated business is less than $600 in one tax year
Unless it was fish. Then you also need to file.I think you should file if you hired a US contractor and paid for services performed in the US. Not required if you paid another NRA (non US source income). And no 1099 for sale of goods, it's only for services.
Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish.
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