Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-08-2010, 10:24 AM
Junior Member
 
Join Date: Jan 2010
Posts: 1
1099 question

Hello,

I received a CP2000 stating that I failed to account for additional income. The income that I failed to account for was advance/commission that I received from an insurance company that I worked for. Upon my termination from the company I was made to pay back these advances so therefore they are a loan in essence. Please help me on this matter, do you have to pay when these are acting like loans?



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
1099-MISC question busterp Income 4 03-10-2009 03:43 PM
1099-MISC question busterp Income 0 03-09-2009 11:08 AM
1099-B question DaveV Capital Gains 1 02-11-2009 12:10 PM
1099 MISC question dirwin76 Income 1 03-27-2008 10:25 AM
1099 Question wcaamyg Income 3 02-17-2008 11:24 AM

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