Company sent 1099-NEC with personal info instead of business info

Anonymous · ‎June 25, 2023

So I’m a trucker and my company sent me my 1099-NEC with my SSN and name instead of business name and EIN, and won’t correct it. So I’m confused on how to file this as I’m set up as an S-Corp. I paid myself a salary thinking I’m getting paid under my business ,and obviously had to issue myself a w2 under my business. How do I report all this correctly when they paid me under my SSN?

TomD8 · ‎June 25, 2023

See @DanielV01 's answer in this previous thread:

1099 NEC and S Corp (intuit.com)

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Critter-3 · ‎June 25, 2023

Instead of the nominee route you can simply put the income on a Sch C (which is where the IRS expects to find it) and simply enter an expense for the same amount to negate this situation ... use the misc expense section and simply call it "income reported on the Sch S". This will fix both issues and keep you from getting an IRS CP2000 notice later.

AND make sure you give the payer a completed W-9 form to them so this dosn't happen again. And FYI ... since you are incorporated they do not NEED to send you a 1099 at the end of the year however they CAN issue you a form ... either way you are required to report all income earned by the company during the year.