Form 1099 and Credit Card (pay, income, business, settlement)

[LookingatFL]

If I pay a vendor $600 using my business' credit card. Does my business give the vendor the Form 1099 or is the credit card reporting the transaction?

[Tallysmom]

Your business will issue the 1099. Look at it this way -- if you wrote a check, the bank wouldn't issue the 1099, the business would. Same thing, different form of payment.

[LookingatFL]

Thanks. That is what I always thought until I read about this: 1099-K Reporting Requirements for Payment Settlement Entities and then I wondered if between the credit card company's 1099-K and my 1099-Misc we would be double reporting the income.