1099 Tax Software Blog

Publication 1239 says:

Allowable characters are alphas, numerics, and blanks.

What this means is that characters such as ! or & or # or * or () or even commas, periods or hyphens are illegal characters. Lets consider some examples.

1. Espresso Café, LLC.

   Characters with an accent or tilde look cool but are not allowable when you paper or electronically file Form 8027 to the IRS.  The é in this example has to be replaced with a plan e.  The comma and period also has to be removed.  An allowable name would be ‘Espresso Cafe LLC’.

2. O’Reilly’s Bar & Grill
   123 N. Wisconsin Avenue, #230

   The apostrophe, ampersand and pound sign are not allowed in the establishment name or address.  The # sign can be replaced with the text ‘suite’.  The apostrophe and ampersand would need to be removed.  An allowable name would be:

   OReillys Bar Grill
   123 N Wisconsin Avenue Suite 230

The only allowable characters are A-Z (in upper or lower case), 0-9 and blanks.