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This year I received a 1099K form. I changed my business name (+ new EIN#) in November.
I changed my business name in November 2024 with new name + EIN #. Operated as the new business in December of 2024. I changed and updated my information on Square when this all happened. I've messaged square to help me with this but no answers. Should my 1099k include my sales from Jan-Dec 2024 or should I get two separate 1099k? One for my old business (Jan-Nov 2024) and one for my new one (Dec 2024)? Thoughts? What to do?
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Wondering the exact same thing. I even asked Square when I did my change in September, and they said go ahead and change the name and EIN, and I did NOT need to create a new account. Most places in the account still show the old EIN/name btw. So now I have received a 1099K with the old name, and the new EIN. I asked Square Help on Saturday (I was cold transferred 3 times in Chat), and they said I will not receive two 1099Ks, and to request a correction. I'm pretty frustrated that the original Help person did not explain any of this. My tax accountant said get an updated 1099K (in the old name) and start a new Square account. For you, it's one month, so it may not make much difference, but a quarter of my year is going to be screwed up now and reported under the old business. Square has been next to useless. Might be time to find a new payment processor who will actually support us.