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How to handle a B-notice received for a vendor whose TIN number we misreported
October 11, 2021
Q. My organization received a CP-2100A notice in regards to a 2020 1099 Vendor. After review, we discovered that one of the digits we thought was a 3 was a 5. (FYI - also discovered that this Vendor was not included in the TIN Matching File in 2019 which would have caught this ahead of time). This means that we reported the incorrect TIN to the IRS/Vendor/State on the 2020 1099.
Typically, I would send a corrected 1099 for 2020 for the incorrect TIN for $0 (IRS/Vendor/State) + Send a corrected…
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