I have business LLC account registered with Paypal and we are taxed as an S-cooperation. In my paypal account I have all my business information including the EIN number for the LLC. My question is about the 1099 Form. The income is taxed under my EIN number as it should but my name shows at the Payee name in the 1099 form, not my LLC name. Is that how it should be? The income is still reported under EIN. Please let me knwo if you have any infomation.
Curiosity. What tax form do you use? In the past I thought the LLC filed with the partnership form, not an s-corp form, or am I confused. I don't do either since I operate as a sole proprietor ship.
