Vendor requesting a corrected 1099 with a zero balance

May 9, 2022
May 9, 2022


Q. I paid a vendor for services performed in February of 2021. They received the check and cashed it. In January of 2022, I sent them a 1099-NEC form. Then in April of 2022 I received a call from the vendor stating that he had sold his company in 2020. The vendor was wanting me to send them a corrected 1099-NEC with a zero balance. The vendor did provide proof that they sold the company, and the new company kept the same name. The new company has a different tax ID number and are not tax…

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