Do we need to correct a 1099 at the request of the vendor?
April 4, 2019
Q. We have a W-9 on file from a vendor which includes an EIN and it indicates that the federal tax classification is Individual/SP (which may or may not be correct). They just updated their W-9 for us and it has a different EIN number than the previous W-9 and the federal tax classification is LLC-Corp. We issued the 2018 1099 based on the original information we were given. This was the only information we had on file until 2/22/19. They are now requesting that we correct the 2018 1099 to…
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