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Level 2
posted Jan 17, 2022 1:50:12 PM

1099-NEC

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!

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1 Best answer
Expert Alumni
Jan 17, 2022 2:03:11 PM

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.

2 Replies
Expert Alumni
Jan 17, 2022 2:03:11 PM

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.

Level 2
Jan 17, 2022 2:34:19 PM

Perfect. Thank you, Minh!