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1099-misc for oil royalties not received

how do I find out if the IRS received a 1099-MISC form from the company I receive royalties from. Others in the royalty group have received, but not me. Also, I haven't received any checks for 2019, but their site shows I should have gotten 2. This company has a habit of doing this. What do I do other than contact the company? I get a total runaround when I call.

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1 Reply
Carl
Level 15

1099-misc for oil royalties not received

A 1099-MISC is not required for you to report the royalty income you actually received in 2019. Not having a 1099-MISC does *not* negate your requirement to report the income.

Being that you only have two weeks before the tax filing deadline, you're really cutting this close. I would suggest one last attempt to contact the company. If that fails, then legal representation is called for here. Additionally, if you did not receive the checks "IN 2019" then you are not required to, or expected to report the income on your 2019 tax return.

Were it me getting a "runaround", they'd only run me around that track for one lap. After that, they'll be the ones running to make things right pending legal action. I've had similar experiences in the past. But I don't let it get this far before I have my family lawyer type up a firm but polite letter that is "requesting" they make things right immediately, or risk the unfortunate expense of paying my lawyer in addition to a judge ordering them to make things right. Of course, before going such a route you have to make absolutely certain that you've got your ducks in a row.This is why I recommend anyone with anything of value always have a "family lawyer" on retainer. For me, it's only $25/mo.

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