- Membership
- Certification
- Events
- Community
- About
- Help
Issuing a 1099 for Sole Proprietors with EINs and Name/TIN Matching Issues
January 22, 2025
Q. I have several W9s which has a owner name on Line 1, a Business Name on Line 2, Individual/Sole proprietor checked but supply an EIN instead of a SSN. The TIN Matching does match the TIN to the Business Name but not to the owner name. How do I issue the 1099?
A.
(Answered by IOFM's third-party tax advisor)
The individual personal name is the "Recipient" or "Payee" name reportable on the Form 1099, in combination with the tax ID number the vendor furnished on the Form W-9. In an electronic…
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?
