<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MikeLaw:
Not by companies that know what they are doing. Corporations are specifically exempted from 1099-MISC reporting with a few exceptions.</font>
But there is nothing stopping the payor from issuing a 1099-MISC to a corporation volutnarily. I know some companies have a policy of issuing 1099-MISC's to everyone they pay just so that they don't have to sort out which vendors are corporations and which aren't, and possibly be held responsible for a mistake.
The IRS will obviously know when it gets a 1099-MISC if it's for a corporation, based on the EIN. I don't know if it just ignores those that it gets for corporations, or if these are somehow compared to the corporate tax return like they are for individuals.
[This message has been edited by Steve M (edited Feb 11, 2004).]