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#1
02-24-2004, 08:14 AM
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 Re: 1099-MISC Payer Entry d.l.schumacher wrote: - quote - > We own a home in another state and use the services of a
AS you know, that don't make a bit of sense.> rental management company. Unlike previous years, the > 1099-MISC we received this year for rental income lists me > as the Payer as well as the Recipient. Is this an > acceptable practice, or should I have the rental management > company issued a corrected copy? The payor is the rental company and you are the payee. Pure and simple. No need to get a correction, but do call it to their attention so they can update their own office procedures. CheeR$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-24-2004, 07:16 AM
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| Re: 1099-MISC Payer Entry "d.l.schumacher" <d.l.schumacher[at]worldnet.att.net> writes: - quote - > Unlike previous years, the
No, it's not right, and no, you don't need a corrected copy.> 1099-MISC we received this year for rental income lists me > as the Payer as well as the Recipient. Is this an > acceptable practice, or should I have the rental management > company issued a corrected copy? The 1099 is for IRS's information, not yours. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-23-2004, 03:43 PM
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| 1099-MISC Payer Entry We own a home in another state and use the services of a rental management company. Unlike previous years, the 1099-MISC we received this year for rental income lists me as the Payer as well as the Recipient. Is this an acceptable practice, or should I have the rental management company issued a corrected copy? Regards, Dan << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1099misc, entry, payer |
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