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Old 07-29-2008, 01:50 PM   #2
Rich67stang
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Join Date: Nov 2005
Location: Jackson, NJ
Posts: 312
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Talking Re: Sponcer money..... 1099 ????

I opened a S corporation back in 1996 when I first got started/sponsored. The checks are made out to the
business as such and you are allowed operating expenses for that corporation. Keep in mind that at the end of the year you must file a corp. tax return besides your personal, but if the corporation shows/has a loss it is reflected on your personal tax return. Hope this helps.



Rich67stang
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