By Steven D. Mercatante Esq.

 
All too often, the entity we thought we were reporting to is sold to a new owner in the midst of the year. Do you know what to do when this happens and you continue to make payments to the new owner? Many 1099 professionals do not. The following article explore your basic approach to handling just such a situation while also offering some practical tips on how to handle your reporting requirements.
 
Assuming you are aware of the change in ownership your response is actually quite simple...