Received a lawsuit settlement of $774 & a check for $504 with a incomplete 1099-misc. form / statement. Payer did not have my SS# at the time the check was written. How do we get credit for withholdings (35%) payer withheld. Can we assume 28% was held for Fed. & remainder for state?
I don't know that you can assume anything in regard to a payer who refuses to answer questions about how he prepared a federal information form. Do you have any proof any withholding was deducted and paid into the IRS? If so, there is a place you can indicate this.
I don't know that you can assume anything in regard to a payer who refuses to answer questions about how he prepared a federal information form. Do you have any proof any withholding was deducted and paid into the IRS? If so, there is a place you can indicate this.