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Received 1099-Misc instead of 1099-S

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    #16
    I just wouldn't feel comfortable preparing the Sch C option
    Over the years, millions of incorrect 1099s have been reported this way. Why would you feel uncomfortable with it?

    "Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen

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      #17
      Originally posted by Anarchrist View Post
      Over the years, millions of incorrect 1099s have been reported this way. Why would you feel uncomfortable with it?
      I would be entering exactly what is supplied by client with the other 2 options.. However, entering "false" business info on the Sch C just would not be ethical in my eyes, especially seeing the client does not have a business (just the way I do not do things just to get it passed thru). Glad there are other options more to my way of thinking.

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        #18
        I assume you write "false" in quotes since there isn't any false info on the C.

        Are you going to bill the client for responding to the CP2000?
        "Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen

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          #19
          Originally posted by Anarchrist View Post
          I assume you write "false" in quotes since there isn't any false info on the C.

          Are you going to bill the client for responding to the CP2000?
          Anarchrist;n....... I guess you didn't read my prior reply (below) so there is no need to decide how to handle. Sch C would not be an option for me to use for the reason I listed. Basically, if I did use that option, all the info would be false (in quotes or not).

          Originally posted by ruthc View Post
          Hooray!!! With the client's permission, I called the person who actually created the 1099 MISC. It appears that the lawyer had no idea how to handle, and the person doing the 1099MISC did what she was told. After explaining everything to her, my client had a corrected form to -0- out the mistake. She is working on the correct 1099 form.

          So, I want to thank everyone for your responses. I now have a couple options to use in the future if need be. I just wouldn't feel comfortable preparing the Sch C option, but I do appreciate the option. Thanks again everyone!

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