- Membership
- Certification
- Events
- Community
- About
- Help
Should a 1099 list both the owner's name and the business's name?
January 9, 2024
Q. We have a payment to a sole proprietor. The W-9 listed the owner's name and the business name. The invoice listed their business name at the top but asked us to make the check payable in the owner's name. Does it matter if the 1099 lists both the owner's name and their business name, or should the 1099 only list the name on the check (i.e. the owner's name)?
A.
(Answered by IOFM's third-party tax experts)
The personal name of the sole proprietor is the recipient Name to report on the Form…
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?
