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Are Payments to a Phone Company Reportable on a 1099-NEC?
June 2, 2025
Q. Are payments to a phone communication company for monthly services reportable if they are an LLC with a partnership classification?
A.
(Answered by IOFM's third-party tax expert)
No, this would not be reportable. See the instructions to 1099-NEC which state that a 1099-NEC does not need issued for, among other things: "Payments for merchandise, telegrams, telephone, freight, storage, and similar items.
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