Latest news on 1099 Forms?

[joanmcq]

I asked the question at one of my tax update seminars and was told that using my Sch C EIN was probably ok. So that is what I'm going to do.

[RitaB]

People Bustin My Chops

Also, what is up with sole proprietors being unwilling to put their individual NAME on line 1 of the W-9?

I guess cause they thought up that super-duper business name "Acme Curl Up & Dye" they wanna flaunt it.

I have had to call a dozen of these people this month.

[JohnH]

And IRS will definitely bounce them back if the individual name isn't on the 1099-Misc with a Social Security number.

[RitaB]

Yeah!

And IRS will definitely bounce them back if the individual name isn't on the 1099-Misc with a Social Security number.

And you and I will be handling the mismatch while sole proprietor Laverne Nadene is laying in the tanning bed and/or waxing something.

[MAJ]

EIN - No SS#

ID Theft really???? - Do you want to know how it works!? I can tell you! Unfortunately.

Someone used my SS# for 12+ YEARS! Police do NOTHING. Make a report - They do NOTHING! I made about 5 reports over the years.

Finally - 8/8/2008 - I was laid off - I received another job 20 days later - but in the mean time I went to NJ UnderEmployment where $22k showed up as wages from a restaurant and hour and a half north of me. Nope - Didn't work there!

It took a friend in the Secret Service to assist and get the Randolph NJ Police department to actually do something. That's a story in itself.

Bottom line - Mr. Diego Londono (name was not changed to protect anyone - He's an illegal alien that obviously has more rights than you and I combined) received a summons for obtaining a job in the city of Randolph with a false ID. Nothing else!!

I had creditors calling me daily for credit card accounts, store accounts, wireless accounts, and more.. It really was getting to be crazy...

He bought my SS# and card for $50 12 years ago..

Here's what's BAD! The NJ Division of Employment Services shows the wages. When the IRS and SS administration were contacted - THEY SHOW NOTHING!

When I pull my Credit profile -NOTHING!! How can that be? How can someone get credit using my SS# and another name not even close? It's insane I tell you.... but then do not have a problem calling me when he doesn't pay!

I SHRED EVERYTHING NOW. My SS# goes no where. period.