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Originally Posted by MedMech
That's the problem with self employment at some time there is a 1099 out there that you never received and the IRS brings this to light about 5 years later. In my own case a $5000 1099 from 1997 cost me $2900, it's all fine and dandy because taxes are taxes but it I had known about it back then I could have made some moves to offset it.  |
I feel your pain. Last year the IRS informed me that I still owed about $2500 in taxes for 2004. What happened is that one of my clients filed the required 1099 for work I had done for him along with a 1099 for work that someone else did for him also under my name. So the IRS had TWO 1099s from the same person for work that I had done for them.
It took several months for this mess to get cleared up. Like every other instance, I had to prove my innocence.
What also stinks is that the person whos 1099 was mistakenly filed under my name is gonna get socked with the tax bill!
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Current:
2014 VW Tiguan SEL 4Motion 43,000 miles.
2016 Hyundai Santa Fe Sport (wife's).
Past:
2006 Jetta TDI 135,970 miles. Sold Nov. '13.
1995 E-320 Special Edition. 220,200 miles. Sold Sept. '07.
1987 190-E 16 valve. 153,000 miles. Sold Feb. '06.
1980 300-D 225,000 miles. Donated to the National Kidney Foundation.
1980 240-D manual, 297,500 miles. Totaled by inattentive driver.
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