We switched from a two member partnership to a two member S Corp around March 2019. Until March, vendors paid me the partnership.
Is it allowed for the vendors to switch the entirety of the 2019 payments to the S Corp TIN? I am getting mixed answers when I asked the vendors - some say yes but others are not sure if this can be done.
is there any law or rule against this sort of thing? If possible, this would save me multiple 1099s and a partnership tax return in addition to the S Corp return.
Edit - sorry for any confusion. I should have been more clear - we created a NEW S Corp.
