I have a couple of 1099 questions:
If a check to a 1099 vendor is returned after 12.31.20 and the check is replaced in 2021. Does the amount go on the 1099 for 2020 or 2021? If the 1099s have already gone out, would you do a corrected one to zero out 2020 and then a new one for 2021?
If one entity pays a vendor on behalf of another entity, which entity sends out the 1099s? The payment is via one entity and the expense on another.