http://www.taxgirl.com/ask-the-taxgirl-1099-for-closed-business/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 20:16:58 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.taxgirl.com/ask-the-taxgirl-1099-for-closed-business/comment-page-1/#comment-8518 WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’ : The Tax Forum Wed, 28 Jan 2009 00:20:26 +0000 http://www.taxgirl.com/?p=2266#comment-8518 [...] * The TAXGIRL does not take week-ends off (actually none of “us” do this time of the year). Last Saturday she provided a good answer to a common question in “Ask the taxgirl: 1099 for Closed Business”. [...] [...] * The TAXGIRL does not take week-ends off (actually none of “us” do this time of the year). Last Saturday she provided a good answer to a common question in “Ask the taxgirl: 1099 for Closed Business”. [...]

]]> http://www.taxgirl.com/ask-the-taxgirl-1099-for-closed-business/comment-page-1/#comment-8240 Rick Mon, 12 Jan 2009 16:15:52 +0000 http://www.taxgirl.com/?p=2266#comment-8240 1099's are an interesting issue. One must always reconcile any 1099 received on their tax return. The question that comes up on occasion is what do you do when someone issues a 1099 to you in error, such as the payment of monies to you when those monies are not taxable, such as a law firm, that does not normally handle personal injury cases, issuing a 1099 for payment of pain and suffering damages from a settlement of a claim or lawsuit. 1099’s are an interesting issue. One must always reconcile any 1099 received on their tax return. The question that comes up on occasion is what do you do when someone issues a 1099 to you in error, such as the payment of monies to you when those monies are not taxable, such as a law firm, that does not normally handle personal injury cases, issuing a 1099 for payment of pain and suffering damages from a settlement of a claim or lawsuit.

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