Okay....I am officially freaked out. I started a company over 20 years ago. Worked very hard. Had an accountant that had brain tumor. Screwed up books. Brought in new person. Straightened books. Other person doing them all this time.
NOW....I find that several HUNDRED THOUSAND dollars were under reported on the 1096 and 1099 for 2012! ARRGGHHHH.....
NOW it looks like we have to file an amended one, which will make all those people who got them very unhappy.. BUT I am also concerned about what the IRS will think when we file this amended return so late.
I need some advice from someone who knows how the IRS will look at this. I am going to have enough trouble from our associates when this hits them!!
HELP PLEASE!?
THANKS