How Do You Dispute A Erroneous IRS 1099 Form?
There are 32 different version of Form 1099. Each version covers a different type of payment, from the 1099-MISC, which covers payments to independent contractors, to the 1099-INT, which covers interest income. However, the most common version is the 1099-B, which details earnings from stocks and bonds. Regardless of which version of Form 1099 you are expecting, it is important to know that a copy is automatically sent to the IRS. Therefore, any inaccuracies need to be disputed before you file your tax return. This is a common enough situation that the IRS has established a simple procedure. Follow these simple steps and you will be ready to go in no time — or at least by April 15. Keep careful records of your income, regardless of whether you expect to receive a 1099. Compare the amount on the 1099 which you receive to your records. Contact the company or individual who sent the 1099 to request an amended 1099 in the case of any discrepancies. Send a second request via certified mail
