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Handling a request for a prior year 1099 correction
May 17, 2023
Q. I have a vendor that reached out in Dec 2022 to request a TIN change from SSN to EIN. We completed the new vendor setup in Dec, both with similar vendor names, just a change in TIN. They are now requesting that the 2022 1099 be corrected to their EIN, instead of SSN. Should we make the correction?
A.
(Answered by IOFM's third-party tax experts)
Filing the Form 1099 with the vendor's SSN was not an error if the status of the vendor remained the same (an individual, sole proprietor or…
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