☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 12:42:10 AM

1099-MISC is overstated by $32,000 not received until 1/4/19. Can I just put in correct amount and file electronically?

The business was produced and paid for in late December, but the company paid me $94,157 by ACH on 123118 and $32,767 by ACH on 010419. I have copy of online bank statement. I just want to report the $94,157 as 2018 income which is all I received in 2018. The company says they will not modify the 1099MISC.

0 1 710
1 Best answer
New Member
Jun 1, 2019 12:42:12 AM

If you correct it yourself on your tax return, I guarantee you will be getting a letter from the IRS. You either need to push harder with the company or report the income. You don't want to get hit with an auto-corrected IRS tax bill that includes penalty and interest.

1 Replies
New Member
Jun 1, 2019 12:42:12 AM

If you correct it yourself on your tax return, I guarantee you will be getting a letter from the IRS. You either need to push harder with the company or report the income. You don't want to get hit with an auto-corrected IRS tax bill that includes penalty and interest.