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Lien on Supplier Payment: Who Gets the 1099?
June 12, 2026
Q. When you receive a lien notice to direct payment of unpaid invoices to a supplier, would a W-9 and subsequent 1099 be required? A power of attorney was granted by the supplier to a loan service provider for receiving funds for unpaid invoices. We are booking the invoice to the supplier; however, payment is being made directly to a financial solutions provider.
A.
(Answered by IOFM's third-party tax expert)
You do not send a 1099 to the financial solutions provider. The payment still belongs…
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