1st year filing 1120S. I have 3 vendors. One of them paid me a few times during the year (around $20K) which I deposited to my business bank account with all the other payments received. Now this vendor gave me a 1099-MISC under my name, not to my company. (I already talked to them and they will not change it).
Can I include this 1099-MISC in the income of the 1120S even though is under my name? I don't want to receive a letter from the IRS asking for the income in the 1099-MISC since it is under my name and Social Security.
If not, I'm going to have a problem with the Balance Sheet in the 1120S and the Balance Sheet I pulled from QB. Any suggestion?
Thank you in advance.
