My Form 1099 Is Wrong - What to do Next?

preview_player
Показать описание
What to do if your Form 1099 has incorrect information?

Forms 1099 are filed by businesses to report income paid to a recipient. A copy of Form 1099 is sent to the IRS, while another copy is provided to the income recipient.

If the information on Form 1099 is inaccurate, it means the IRS is getting incorrect information about your earnings. This can complicate your income tax reporting obligations.

If you receive an incorrect Form 1099, the first step is to contact the issuer and ask for a "CORRECTED" Form 1099. If the issuer does not correct the Form 1099, you have other options discussed in this video.

For a larger database of tutorials, please visit our website and search for your question:

DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

#TaxRefund #Form1040 #Form1099
Рекомендации по теме
Комментарии
Автор

Thank you for this video. I received a 1099 NEC from a co. that I worked for but, they under reported the amount. I worked events for them 7 times but, they only reported one event, much less than what it should be. I contacted them by email and by phone numerous times but, I have had no response. Should I just make the correction, ( the correct amount) when I report the 1099 NEC? I appreciate you considering my question!

susanmoreno
Автор

I'm the issuer and made few corrections. Should my 1096 show the adjusted amount or only the amount of the 7 corrections when mailing this in?

MrPebsiabzoo
Автор

The wage amount of my 1099 NEC is incorrect and I have all my payments but my employer refuse to correct it. What if I don’t file it? How to I report what I actually received and what if I fill out correct information but they still refuse to correct it?

GodisAgapelove