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James214
Level 1
04-10-2021
10:44 AM
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I received an IRS letter looking for income not reported from a 1099 in 2018. The 1099 was made to my name not my corporation name. The money was report on an 1120 return in 2018. The 1099 was supposed to be corrected.
What is the easiest way to handle this. Do I send back the letter with the explanation and attach the corporation return to prove the money was reported? Any thoughts would be helpful.
James Cavalaris
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BobKamman
Level 15
04-10-2021
11:28 AM
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Isn't it reassuring to know that in these trying times, with millions of 2019 returns not yet processed, IRS is still staying afloat with its CP-2000 operation to pester taxpayers and practitioners during tax season with notices generated by archaic computers? Yes, I would send them a couple paragraphs explaining that it was reported on a corporation return. I wouldn't send the complete 1120, maybe just the first page. If your request to the payer for a corrected 1099 was made in writing, send a copy of that also. If it wasn't, now you know for next time.
