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Change in vendor name and company structure
January 30, 2023
Q. If a vendor changes the company structure from an individual using their SSN to a business name using an EIN but never sent a revised W-9, to whom should we issue the 1099? All payments were made under the original W-9 information. Should we simply correct going forward or issue to the 1099 using the new W-9 information, even though our ERP will not match?
A.
(Answered by IOFM's third-party tax experts)
The Form 1099 reports the "Recipient" by the name and status that the vendor had…
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