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Should I issue two 1099 forms for an Independent Contractor that updated their EIN#?

Asked on Nov. 9, 2020

One of our Independent Contractor sent us a W9 with a new EIN#. Should I process two 1099 forms this year, one with the old number and another with new number? or Should I issue their 2020 1099 using their new#?

Answers

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Tony Morales Certified Public Accountant • December 5, 2020

I would avoid duplicating 1099s if at all possible.

I would first ask the contractor if the new number is correct, or was it a mistake? You don't want to assume they simply got a new EIN (once a business/person obtains an EIN, they don't normally change unless the business itself changed).

If the new number was intentionally given and correct, then I would simply issue their 2020 Form 1099 with that EIN number and disregard the old number.

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