I just received a 1099 for consultant work I did in 2006. The 1099 is for an amount far more than I was actually paid. I am contacting the company, but it is a huge bureaucracy and I’m worried they won’t correct it. What can I do on my return to not go into poverty to pay taxes on an enormous amount of money that I was never paid.
2007-02-01 10:57:57 · 3 answers · asked by Tom K 2 in Business & Finance ➔ Taxes ➔ United States
Thanks for the help. Turns out they did it to everyone and they sent a correct 1099. I just hope it doesn't cause problems with the IRS.
2007-02-02 10:45:36 · update #1
Document everything, the number of times called,etc...
File an extension on your taxes until it is figured out. You may need to consult a tax attroney.
2007-02-01 11:01:45 · answer #1 · answered by Wizzerd 3 · 0⤊ 0⤋
You've done the right "first thing" by contacting the company. If they can't, won't or don't fix it in a couple weeks, call the IRS.
Good luck.
2007-02-01 12:46:35 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Contact the payer and have a corrected one issued. If you have no luck with that, contact the IRS.
2007-02-01 11:03:46 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋