Got it. Reviewed that with Renner this morning. No requirement for Corps like IMAM to get 1099s. There was some confusion in the regs re: Rent and whether Corp exemptions applied.
Neal A. Puckett, Esq LtCol, USMC (Ret) Puckett & Faraj, PC 1800 Diagonal Rd, Suite 210 Alexandria, VA 22314 703.706.9566
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On Dec 28, 2011, at 8:00 AM, Haytham Faraj wrote: Marcy, Please review the applicable regulation regarding the issuance of a 1099. Corporations are exempt from the reporting requirement. From: Atwood Marcy [mailto:marcy@puckettfaraj.com]
Sent: Tuesday, December 27, 2011 4:13 PM
To: Haytham Faraj
Subject: I.A.M.A Haytham, Bethany did not leave me information for I.A.M.A. The IRS requires we submit a 1099 for the rent we have paid them for 2011 ($6,500). I need their EIN number on a W-9 (signed) with their address. We are writing a check today for rent and need their address (no I can't find it in any of Bethany's files); please send their address. Attached is a blank W-9 for I.A.M.A. to fill out. Please also identify the names of the two attorney's who pay you sublease rent for the spaces. I need to instruct Julie into which account to place those checks when they come in as I'm not here and I don't know their names. And I'm sorry, again, I can't find that information from Bethany's files. Thanks for being patient. It is time consuming to reconstruct everything. Next EMail is a list of your clients for you to review that will transition to the PLLC.
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