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mwaintman
Level 3
November 18, 2021
Question

Backup withholding for a 1120

  • November 18, 2021
  • 1 reply
  • 6 views

I have a C corp  that was subject to backup withholding. For some reason they didnt receive a 1099 but I have the amounts on their merchant tax summary. Do I report the payments as estimated tax paid? I called the IRS but they have no records of payments and I cant find anything online?

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1 reply

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
November 18, 2021
They should have gotten a 1099K showing the withholding...thats what Ive seen when a business doesnt return the W9 to the merchant services company.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    T
    TaxGuyBill
    Level 15
    November 18, 2021
    @Just-Lisa-Now- wrote:
    They should have gotten a 1099K showing the withholding...thats what Ive seen when a business doesnt return the W9 to the merchant services company.

     

    But if the business didn't return the W-9 to the merchant, how is the merchant going to file a 1099-K?

     

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