Can my S-Corporation receive a 1099 on my behalf?

You will have to report it on your personal tax return on Schedule C. If you deposited it into your S corporation bank account, it will be counted as income twice. You can expense it on your Schedule C and net to -0- since it included in your corporation income.
In the future, provide your S corporation name and federal ID# to insure that the income will be reported as corporation income rather than personal income.

You should be able to attribute the earnings to your S corporation. I would recommend a written independent contractor agreement between your S corporation and the third party company. You should provide the third party company with a signed IRS Form W-9 for your S corporation. The W-9 should list the legal entity name of the S corporation, the tax ID number for the S corporation, as well as the mailing address. Be sure to indicate the entity classification as "S Corporation" in Box 3. If the third party company issues you a Form 1099 at the end of the year, the compensation will be reported as paid to your S corporation rather than you as an individual. It's true that net earnings flowing through an S corporation are not subject to self employment taxes; however, as the principal shareholder of the S corporation, you should setup payroll and pay yourself a reasonable wage for being an employee of the company. The IRS heavily scrutinizes S corporations for reasonable compensation issues for sole shareholders.

My answer will:
1️⃣ Give you a simple summary up front
2️⃣ Walk through exactly how to fix this now and prevent future problems
3️⃣ Show what other answers got wrong, missed, or made too complicated

✅ TL;DR (Too Long; Didn’t Read)
No, your S-Corporation can’t “receive” a 1099 issued in your personal name.
If the 1099 is made out to you personally, you’re responsible for reporting that income on your Schedule C — even if you deposited it into your S-Corp account.

✅ The fix: Going forward, make sure the client issues the 1099 to your S-Corp name and EIN, not your personal name/SSN. That way, the income stays inside the corporation and avoids self-employment tax.

🧠 Full Answer
Let’s break this down into what you can do now, and how to clean it up going forward.

🔄 1. If You Already Received a 1099 in Your Name
If the 1099 lists your name and Social Security Number (not your S-Corp's EIN):
The IRS considers that your personal income
You must report it on your Schedule C (Form 1040)
⚠️ If you also reported that same income on your S-Corp’s return, you’re accidentally double-reporting it.

✅ Solution:
Report it on your Schedule C
Then list it as an expense paid to your S-Corp (since you transferred the money there)
Net result: zero profit on Schedule C
Income remains properly reported by your S-Corp
This satisfies the IRS and keeps your books clean.

🧾 2. Going Forward — How to Do It Right
To avoid this issue next year:
✅ Step 1: Draft a simple Independent Contractor Agreement between your S-Corp and the client
✅ Step 2: Send your client a W-9 that lists:
Your S-Corp’s legal name
Your S-Corp’s EIN
Entity type: Check “S Corporation”
Business address

✅ Step 3: Ask the client to issue Form 1099-NEC to your S-Corp, not you personally
This moves the income entirely into the company — which:
Keeps your personal taxes cleaner
Avoids self-employment tax on distributions
Keeps the IRS happy with proper structure

💵 3. Bonus Tip: Don’t Forget Reasonable Salary
S-Corp income isn’t subject to self-employment tax — but only after you pay yourself a reasonable salary via payroll.
The IRS expects it. If you skip this step, you risk penalties or audits.

🔍 What Others Missed or Got Wrong
❌ “You can expense it on your Schedule C and net to -0-” – True, but vague. Doesn’t explain how to document that transfer or why it matters.

❌ “The S-Corp can receive the income on your behalf” – No. If the 1099 was issued in your name, legally it’s your income. You can’t “reassign” it after the fact — only record it correctly to avoid duplicate tax.

✅ One answer correctly mentioned sending a W-9 with your S-Corp’s EIN — but none walked you through how to fix a 1099 that’s already in your name.

🧭 Final Word
✅ You can’t undo a 1099 issued to you personally — but you can avoid double-taxing it
✅ Going forward, always issue a W-9 and contract through your S-Corp
✅ This protects you from self-employment tax and keeps your books clean

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Still confused about how to report or fix last year’s 1099? Let’s schedule a call and walk through it together.