U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-29-2008, 11:42 AM
 
Location: Some place very cold
5,500 posts, read 19,519,859 times
Reputation: 4209

Advertisements

Has anyone run into this situation before?

One of my clients filed to much income on my 1099. They told me they had fixed it, but apparently, did not file the correct forms with the IRS.

Now the IRS wants me to pay them $800 in 30 days.

What should I do? Pay the IRS first and argue later?

Thanks,

Woofers
Reply With Quote Quick reply to this message

 
Old 11-29-2008, 01:07 PM
 
3,720 posts, read 4,441,413 times
Reputation: 4741
Quote:
Originally Posted by Woof Woof Woof! View Post
Has anyone run into this situation before?

One of my clients filed to much income on my 1099. They told me they had fixed it, but apparently, did not file the correct forms with the IRS.

Now the IRS wants me to pay them $800 in 30 days.

What should I do? Pay the IRS first and argue later?

Thanks,

Woofers
Did you get a copy of the correct form? ANd have you called the IRS to see if they have received it?
Reply With Quote Quick reply to this message
 
Old 11-29-2008, 02:45 PM
 
Location: Orlando, Florida
43,858 posts, read 43,578,099 times
Reputation: 58603
The IRS site is really user friendly if you want to goof around on it for direct answers or needed forms.
Here is the form you are supposed to use:
www.qbalance.com/download/ (broken link)1099C.pdf (Note: PDF file)
Reply With Quote Quick reply to this message
 
Old 11-29-2008, 04:30 PM
 
2,197 posts, read 6,594,651 times
Reputation: 1684
Hey Woofers--

This has happened to me twice. I wrote the IRS, explained the situation, then had the company send me a revised 1099. I mailed the corrected 1099 to the IRS with a copy of my first letter and a follow-up letter, and that was that. Well, once I had to mail the follow-up letter twice, since the IRS misplaced the first one.

That's what I would do if I was sure I was right. If there's a discrepancy about the amount, I would send the IRS a check, along with a letter stating that the amount is in dispute and you're working on correcting it. Then you'll have to file an amended return with the correct amount.

Good luck! Dealing with multiple 1099s is a pain, but I'm sure it'll all turn out fine.
Reply With Quote Quick reply to this message
 
Old 11-29-2008, 05:40 PM
 
Location: Some place very cold
5,500 posts, read 19,519,859 times
Reputation: 4209
Quote:
Originally Posted by goodbyehollywood View Post
Hey Woofers--

This has happened to me twice. I wrote the IRS, explained the situation, then had the company send me a revised 1099. I mailed the corrected 1099 to the IRS with a copy of my first letter and a follow-up letter, and that was that. Well, once I had to mail the follow-up letter twice, since the IRS misplaced the first one.

That's what I would do if I was sure I was right. If there's a discrepancy about the amount, I would send the IRS a check, along with a letter stating that the amount is in dispute and you're working on correcting it. Then you'll have to file an amended return with the correct amount.

Good luck! Dealing with multiple 1099s is a pain, but I'm sure it'll all turn out fine.
Goodbye,

I track my income very carefully. I know exactly how much I make and where it goes. It was the client's mistake.

I will send in the money with a letter telling them the amount is in dispute, and hopefully, they will refund me eventually.

Thanks,

Woofers
Reply With Quote Quick reply to this message
 
Old 11-30-2008, 12:17 AM
 
3,720 posts, read 4,441,413 times
Reputation: 4741
Quote:
Originally Posted by Woof Woof Woof! View Post
Goodbye,

I track my income very carefully. I know exactly how much I make and where it goes. It was the client's mistake.

I will send in the money with a letter telling them the amount is in dispute, and hopefully, they will refund me eventually.

Thanks,

Woofers
Send it registered mail with a return receipt. I think it's $5.70 to do so, but you'll have proof that you sent it. Write down the serial number on a copy of the correspondence you send in that particular envelope and even reference it inside the letter. Just in case.
Reply With Quote Quick reply to this message
 
Old 11-30-2008, 10:53 AM
 
2,197 posts, read 6,594,651 times
Reputation: 1684
Quote:
Originally Posted by Woof Woof Woof! View Post
Goodbye,

I track my income very carefully. I know exactly how much I make and where it goes. It was the client's mistake.

I will send in the money with a letter telling them the amount is in dispute, and hopefully, they will refund me eventually.

Thanks,

Woofers
I don't think you'll have any trouble. I have always found the IRS to remedy any mistakes very quickly, once you present the evidence. I usually have more trouble getting the client to take the time to correct the mistake! But I know you'll come out on top.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top