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Attorney W-9 showing PC as the tax classification
January 15, 2024
Q. We received a W-9 from an attorney's office for work they did on our behalf for alcohol licensing. They have chosen Other in the federal tax classification section and entered PC. I haven't seen this classification before. Would you be able to tell me what that means?
A.
(Answered by IOFM's third-party tax experts)
The "PC" stands for Professional Corporation. Your company's payments to the firm for legal services are reported on Form 1099-NEC in Box 1. Status as a corporation generally…
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