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General Stock Discussion / Bad 1099s again?
« on: February 23, 2015, 21:29 »
I haven't noticed any discussion here yet in 2015 about problems with 1099 US tax forms so maybe I'll mention this here. I'm not being specific about the stock agency as under US this could involve serious legal questions of a possible criminal nature depending on the intent of the agency. For two years running I have received 1099 US tax forms from this agency indicating that during the previous tax year I earned a small amount of royalty payments (less than $100USD) although I actually received nothing from these people. Initially I ignored the discrepancy and paid the few dollars extra tax. However, This year the same thing happened. If the agency is doing this with a substantial number of their contributors, this may appear that the agency has higher operating costs than is really the case. I am not a tax expert and I am certainly not accusing anybody of "cooking the books" but still, the contents of the corporate pot seem to be smelling more & more like fish.