Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-23-2009, 03:15 PM
Junior Member
 
Join Date: Feb 2009
Posts: 3
Discrepencies on 1099 forms

Last year, my husband and I purchased a rental property. He started an LLC and established a EID for a management property (he's the only employee), but we decided to file taxes under his SSN as rental income rather than file separate taxes for the "business."

We're dealing with Section 8 and received a 1099-MISC from the office - but when we filed the paperwork with them intially, we did so with the EID. I've filed a new W9 with my husband's SSN - which is how the paperwork should have been filed initially since the deed to the property is in his name, not the company's.

Problem is, Section 8 won't send an amended 1099. So we'll have a 1099 from one agency listed with his name and social (they WILL send an amended 1099) and another with the EID and company name. If we hand-write a correction and send a letter explaining the error, is this going to be a problem or trigger a red flag for an audit?

Thanks!!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
MD LLC bought/sold townhouse in DC - do I file MD tax forms, DC tax forms, or both? Susan Limited Liability Company 0 02-05-2009 10:54 PM
For Many Investors, Year-End Forms to Arrive Later Samatg Tax News 0 01-30-2009 07:45 PM
Most Requested IRS Forms and Publications Samatg General 0 01-22-2009 04:17 PM
what forms to file sushil t kapadia C-Corporation 0 12-13-2008 10:46 AM
Tax Return Forms Samatg Articles 0 01-14-2007 06:49 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning