Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 05-18-2019, 11:10 PM
Junior Member
 
Join Date: May 2019
Posts: 1
1099-MISC with FATCA filing box checked in error

My wife received a 1099-MISC with the FATCA filing box checked in error. Only box 7 has an amount, which is the correct box. The income in box 7 was reported on Schedule C.

Does she need to worry about having the issuer submit a corrected 1099-MISC? The issuer is a small church and they are telling her it's no big deal and to just ignore it.


Last edited by gslade : 05-20-2019 at 01:00 AM. Reason: Clarity


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
  #2 (permalink)  
Old 05-20-2019, 01:21 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,233
the FATCA filing requirement box is checked, the payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting requirement. If you don't have a 1099-INT in reality, it's not really relevant.



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
  #3 (permalink)  
Old 05-20-2019, 01:54 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,233
if you want, You may contact the issuer of the 1099-MISC to have them correct:the payer sends 1099-MISC Copy 1" and "1096" to IRS by Mar 31 for e filing .

or you may wait till irs maybe notifies you . they may or may not notify 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


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 with FATCA filing checked sambo59 Income 1 02-21-2017 01:31 AM
Filing a 1099 MISC notacpa123 Filing Requirements 5 01-14-2016 07:55 PM
Form 1099-Misc Error Beecherman Income 4 11-30-2014 03:00 AM
1099-MISC after Filing - Need CA Tax Help NeedHelpASAP Income 1 04-26-2012 09:44 PM
Additional 1099 misc after filing Curiousa2 Income 2 02-23-2011 10:20 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