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Old 01-08-2010, 10:24 AM
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1099 question


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?

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