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?
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?