- Membership
- Certification
- Events
- Community
- About
- Help
Best Practices for Handling TIN Corrections for 1099-NEC Submissions
March 27, 2024
Q. I encountered a situation where a vendor provided their updated TIN# only after the initial submission of the 1099-NEC to the IRS via the fire system. I promptly revised the TIN# to the new one and submitted a corrected file to the IRS. Additionally, I have dispatched corrected copies to the vendor. Is there anything else I should address in this matter? Additionally, Do I need to submit a corrected 1099-NEC for 0.00 for the now obsolete TIN that was sent to the IRS as well as a form…
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?
