Client received a 1099-misc with income that the client states is not accurate

[JenMO]

Thanks for all the suggestions.

[mactoolsix]

If you wait for an IRS letter there will be penalties and interest for failure to report. It is better to report the 1099 with the amount on it, then make an adjustment with a detailed statement explaining the error.

I agree: Form instructions:

Form 1099-MISC incorrect? If this form is incorrect or has been issued in error,
contact the payer. If you cannot get this form corrected, attach an explanation to your
tax return and report your income correctly.

[Super Mom]

I still don't get it. You DO NOT report rent as income if you don't receive it. Client should demand that renter adjust the 1099 and document it.

I agree with Burke on this one!!