Skip to main content
Level 2
January 17, 2022
Solved

1099-NEC

  • January 17, 2022
  • 1 reply
  • 8 views

I am filling out a 1099-NEC for someone who started the season using her own name, then acquired a different business name; do i need to file two separate 1099-NEC's?  Thank you!

    Best answer by MinhT1

    It depends.

     

    If your contractor notified you when she acquired the business by timely submitting a new form W-9 and you made the subsequent payments to that business name, then you should issue 2 separate forms 1099-NEC, one in her name and one in her business name.

     

    If you made out the checks only to her, then you should only issue one form 1099-NEC in her own name.

    1 reply

    MinhT1Answer
    Level 15
    January 17, 2022

    It depends.

     

    If your contractor notified you when she acquired the business by timely submitting a new form W-9 and you made the subsequent payments to that business name, then you should issue 2 separate forms 1099-NEC, one in her name and one in her business name.

     

    If you made out the checks only to her, then you should only issue one form 1099-NEC in her own name.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    Level 2
    January 17, 2022

    Perfect. Thank you, Minh!