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Old 03-07-2017, 01:53 PM
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1099 misc file wrong

in 2014 we typed 1099 misc. we ran out of the forms and found the 1099 online but failed to notice that it said 2015 1099 misc not 2014. now in March of 2017 one of our employees received an IRS notice saying that he did not claim income in 2015 and owes back taxes. In reality he paid taxes on the 2014 1099 misc in 2014 eventhough the 1099 said 1099 misc 2015. how do i correct those 1099 that mistakenly had 2015 on them instead of 2014?



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Old 03-07-2017, 05:16 PM
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he needs to file 1040X for refund on his 2014 return and need to pay tax on 2015 return with penalties. Please contact the IRS for more info in detail you may talk to an IRS agent



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Old 03-07-2017, 05:59 PM
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no the tax is for 2014 not 2015



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Old 03-07-2017, 09:00 PM
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Quote:
Originally Posted by construction View Post
no the tax is for 2014 not 2015
In reality he paid taxes on the 2014 1099 misc in 2014 eventhough the 1099 said 1099 misc 2015"==========>>> as said he needs to claim refund on his 2014 reurn and needs to pay tax for 2015 return



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