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Returning Member
posted Jan 27, 2020 1:54:34 PM

Tax Year Prior to 2020: Do I need to send two separate 1099-MISC forms if I incorporated in the middle of the year?

Last year, I operated my company as an LLC until April, where I then incorporated into S-Corp. Therefore, I have two different TINs the last year.
 
For each subcontractor, do I need to file two separate 1099-MISC forms, where one includes my previous TIN and amount paid while as an LLC, and another one with my new TIN and amount paid as an S-Corp?
 
Or can I just file everything under my current TIN and lump everything together for the year?
 
Thanks,
John

0 4 1526
4 Replies
Expert Alumni
Jan 27, 2020 2:16:13 PM

No, you may have to file 1099 Misc for both EINs separately and issue them to your contractors. 

Returning Member
Jan 27, 2020 2:58:04 PM

Thanks, to clarify you are suggesting that I do two separate forms for each EIN? Thanks!

Expert Alumni
Jan 27, 2020 3:01:26 PM

Yes, that's what I'm suggesting.

Returning Member
Jan 27, 2020 3:03:27 PM

Thank you!