I have got $8500 on W-9 from the company which is acquired by another company now.
I could get in touch with same person in finance in new company to check about my 1099 form status.
This person says that all people left and hard to trace about the same.
What should I do, and how should I file my taxes?
2007-02-02 05:25:07 · 3 answers · asked by v_kalamkar 1 in Business & Finance ➔ Taxes ➔ United States
Did you receive a 1099Misc? A W-9 is not for the purposes of filing taxes, it is for requesting your Tax Identification Number. You should've received a formal 1099 by now, no matter who owns the company. Companies that are acquired by another company are still required to file taxes and send out tax forms. You should do what is ethical and claim the income, espcially if the company that no longer exists get audited later on down the road, therefore leading to your demise of possible penalties and interest on tax due.
2007-02-02 05:32:17 · answer #1 · answered by dancing11freak 2 · 0⤊ 0⤋
Impossible! A W-9 is the form that you use to give a company your SS#. You did not receive a W-9 regarding a report of income.
As for the new company, contact the new company. If you know you have $8500, claim the money.
2007-02-02 13:29:38 · answer #2 · answered by Dizney 5 · 0⤊ 0⤋
Even if you don't receive the 1099, you have to report the income. The taxes will be taken out either way.
2007-02-02 13:35:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋