yes, it all makes sense, BUT it's too complicated.
The insurance company says that they do NOT create separate 1099's for each beneficiary, despite the fact that they require all the personal information including SSN and current address. Now, here's the kicker - they sent separate CHECKS to each sister, but did NOT send separate 1099's. It seems like their business practices could use an overhaul.
I was under the impression that the IRS required them to send an individual 1099 IF THEY SENT EACH ONE THE MONEY.
In addition to that I asked - If you don't use the SSN to create a 1099 to be sent to the IRS, why do you require the Social Security Number at all??
I'm waiting for an answer from them.
