We rec'd a Misc 1099 for personal use of company car. On Sched C - What do we use for personal business code and company name if we dont have a business?

[njgbichon62]

Was for $1821.  Since we dont have a business not sure how to answer all the questions on schedule C especially personal business code, company name, company address etc.

[TaxGuyBill]

Are you an employee of that company?  If so, that should be on your W-2. NOT on a 1099-MISC.  You should ask your employer to correct that.

[njgbichon62]

Thanks for the response.  We told them that and their accountant said that can use they use the Misc 1099 so that wont change.  

[TaxGuyBill]

Well, their accountant is wrong and the company is trying to cheat you.

You should be able to type "8919" in the search box within the program, and that should bring you to the section of how to report something that SHOULD have been on your W-2.

[njgbichon62]

Thanks, good to know we were correct.  Will we be flagged if we report the amount in the 8919 section instead of Misc 1099 schedule C,  since we received the Misc 1099.  

[TaxGuyBill]

Probably not.  The IRS computers should know that Form 8919 is because you received a 1099-MISC that you should not have.  In the event you do get an automated IRS notice asking about the 1099-MISC, just reply that income was reported via Form 8919.

[njgbichon62]

Thanks again. Just completed the 8919 form and it makes sense.   Much appreciated for the help.

[TaxGuyBill]

Great, I'm glad that I was able to help you figure out that Form 8919 should be used when a 1099-MISC is wrongly issued rather than being added to your W-2.