If you filed the return married filing jointly with your husband you have a right to your tax return for that tax period. That is, you can request the IRS send you a transcript of
Read moreBecause the taxpayer is responsible for the tax liability and preparing the tax return properly, you cannot avoid liability to the IRS based on TurboTax's failure to flag your S.S. withholding. If you are penalized, you may be able to make a reasonable cause argument based on the TurboTax issue, or avoid penalties base on first-time penalty relief....
Read moreA 1099 is an informational return filed with the IRS. It appears the company may have filed a corrected 1099-C. As you can see, a corrected filing is allowed on the form. https://www.irs.gov/pub/irs-pdf/f1099c.pdf. I would suggest contacting your CPA to discuss how to handle the correction and if an amendment to your return is appropriate.
Read moreIt appears you are involved in a correspondence audit with the IRS. Unfortunately the IRS has wide discretion in the timing and duration of an audit. Unfortunately, we do not currently handle that type of matter, and I suggest you contact another lawyer to evaluate your claim. The Colorado Bar Association maintains a list of licensed Colorado lawye...
Read moreWhen a company files a 1099 it is reported to the IRS. This type of filing is called an information return. First, you should contact the company to have the 1099 corrected. You need the company to send a corrected 1099 to the IRS and to give you a copy of the corrected 1099.
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Shaneka, as you know, when a company files a 1099, it is reported to the IRS. This type of filing is called an information return. You’ve taken the best course of action, which is to contact the company to have the 1099 corrected. I would continue to call back until someone in management reviews the matter. You need the company to send a corrected...
Read moreYou should contact the IRS to discuss the matter as soon as possible. You can reach the IRS at 1-800-829-1040. Because the 1099 is an informational filing, you must address the issue as IRS will be looking for an amount that matches the reported 1099 on your tax return. If you fail to report the amount, or otherwise address it, you will receive an ...
Read moreIt is a little unclear what you mean. There are many boxes on a 1099 and many types of 1099s. (For example, 1099-MISC, 1099-R, 1099-S, etc.
Read moreYou may amend your tax returns any time that you would like. A claim for a refund, however, must be filed within 3 years from the time the return was filed or 2 years from the time the tax was paid (whichever is later). if you amend your tax return and the amount of income reported does not match the amount reported on the 1099, then the IRS may de...
Read moreI would not recommend issuing a 1099 in the name of someone that did not do the work for a number of reasons, not least of which is that it could be problematic to you in the case of an audit by the IRS or Department of Labor. Likewise, if you give her a gift (she did not do any work after all), why would you still not owe the person that did the w...
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