If an employer issued a 1099 to contractors and used a SS# instead of the Business TIN in the Payer TIN box, does this need to be corrected? Does the recipient of the 1099 need a corrected copy with the corrected TIN of the business? Do you use the TIN when you file your taxes?
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No, this does not need to be corrected and, yes, you do use this number when reporting the income. The 1099-misc issuer has the option to file the form using an employer identification number or his/her social security number. When inputting the form into TurboTax select the option to enter the payer's federal ID number format as a social security number. See my (screenshot) below for reference.
Why won't turbotax accept the ss# on a 1099-NEC for EIN
@Suzieq1491 TurboTax does allow you to enter a Social Security number as the payer's federal ID number. Not all 1099-NEC issuer's are businesses. An individual can issue a 1099-NEC.
See the answer by Super Champ @Opus17 to Can I give out Form 1099Misc as an individual and not as a registered business to someone who did fr...
The IRS revived the 1099-NEC for 2020 so his answer refers to 1099-MISC but the information is the same.
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