1099 vendor acquired by a corporation mid-year

April 25, 2021

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Q.┬áIf we have a vendor set up to receive a 1099 and they are acquired by a company mid year that is not 1099 eligible, how do you handle that as far as the 1099 goes? Would I no longer need to send a 1099 if the new company is a corp or would I still need to send the old company one for the period of time they were eligible? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098,…

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