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Old 02-27-2010, 03:47 PM
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We received an incorrect 1099 misc after filing our taxes

My husband received a 1099 misc from his dad after filing our taxes. He had worked with his dad a couple of weekends at the first of 2009 and we had totally forgotten about it and filed our taxes without waiting for this 1099. The amount on the 1099 is way more than he was actually paid, and now his dad's bookkeeper says the 1099 can't be amended, that we need to file an amended return. I know we need to file an amended return, but why can't she send the IRS an amended 1099? We will have to pay tax now on money we never even received! Any help is appreciated!



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Old 02-28-2010, 02:17 PM
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Actually, you need to report the entire 1099-Misc income on Schedule C, but you should also report an adjustment to 1099-Misc Income and describe this item as "Income reported on 1099-Misc not received in 2009" and subtract it from the Total Amount shown on the 1099-Misc.

Thus, in this manner you would only pay taxes on what has been actually received by you, after allowing for all the allowable deductions related to this 1099-Misc Income.

Also, for your information, your Dad's accountant is wrong, one can amend the 1099-Misc forms. Its just that it takes effort and time!

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