Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 05-11-2009, 06:02 PM
Junior Member
 
Join Date: May 2009
Posts: 1
1099 discrepency

For tax year 2005 I received a 1099 from a payer for the amount of $5025.00. I used this figure to do my taxes.

I have just received an assessment from the IRS stating that I owe $8888.76 in back taxes and penalties. The discrepancy is based on a 1099 figure in the amount of $28283.00 from the same vendor. I never received a 1099 in that amount from them.

How should I proceed?

Thank you.



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



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


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
 
 
 

» Recent Tax Q&A
No Threads to Display.