Missing An IRS Form 1099 For Your Taxes? Keep Quiet, Don't Ask! (2024)

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Missing An IRS Form 1099 For Your Taxes? Keep Quiet, Don't Ask! (2024)

FAQs

Missing An IRS Form 1099 For Your Taxes? Keep Quiet, Don't Ask!? ›

Unlike Forms W-2, you don't file Forms 1099 with your return. If you don't receive one you expect, don't ask for it. Just report the income. Reporting extra income that doesn't match a Form 1099 is not a problem.

What happens if you forget a 1099 on your taxes? ›

Taxpayers may need to file an amended return if they filed with missing or incorrect info. If they receive the missing or corrected Form W-2 or Form 1099-R after filing their return and the information differs from their previous estimate, they must file Form 1040-X, Amended U.S. Individual Income Tax Return.

Will the IRS catch a missing 1099 right away? ›

The IRS employs various methods to detect discrepancies in tax reporting, including the absence of 1099 forms. While the IRS does not catch every missing 1099 immediately, their sophisticated systems and data-matching capabilities make it likely that discrepancies will be identified over time.

How do I contact the IRS about a missing 1099? ›

If you have not received an expected 1099 by a few days after that, contact the payer. If you still do not get the form by February 15, call the IRS for help at 1-800- 829-1040. In some cases, you may obtain the information that would be on the 1099 from other sources.

Will I get audited if I forgot a 1099? ›

Businesses that send you a Form 1099 are also required to send the same information to the IRS. So, if you don't include reportable income on your tax return, the system that matches tax returns to the information in the IRS systems will likely flag your tax return for further evaluation.

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