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Old 02-23-2009, 03:15 PM
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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?


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