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

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.

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Accepted Solutions
Ashby
New Member

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

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.

View solution in original post

1 Reply
Ashby
New Member

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

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.

View solution in original post

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