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1099-K issued to single member disregarded entity LLC EIN rather than SSN? Does this need to be corrected?
I accept payments though PayPal though my website. I am a single member disregarded entity LLC. When signing up for a business account though PayPal you needed to select one of the following: individual/sole proprietor, corporation, partnership or charity. Unlike on form W9 there was no individual/ sole proprietor or single member LLC option so I selected corporation and gave my EIN which is tied to my LLC. I was required to get an EIN to open a bank account. I received the 1099-K which listed my EIN and not my SSN. Do I need to correct this or not because the LLC business name and EIN will be on my Schedule C. Should I request the 1099K be amended?
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‎January 29, 2021
2:58 AM