- Membership
- Certification
- Events
- Community
- About
- Help
1099 vendor acquired by a corporation mid-year
March 28, 2023
Q. If we have a vendor set up to receive a 1099 and they are acquired by a company mid year that is not 1099 eligible, how do you handle that as far as the 1099 goes? Would I no longer need to send a 1099 if the new company is a corp or would I still need to send the old company one for the period of time they were eligible?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098,…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
