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Subject Author Date
Form 1099 from IRS ? Victor Roberts 01-10-2008
Posted by engineer2001 on January 14, 2008, 11:27 am
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 I got the same form. Luckily, I found this thread, or I would have
been calling the IRS and talking to them today. They should have
included a note to let the umpteen million Americans who are getting
these know that this is to give them part of their wrongly-withheld
excise tax back. I kept all my phone statements and got back every
cent I paid plus interest. Makes sense now.

All the other posts I have read indicate that a 1099 from the IRS is
usually for monies received from amended returns (1040X). I have
filed no amended returns, so I was freaking out a bit.

Thanks!

--
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<< that may be imposed upon the taxpayer. >>
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Posted by Victor Roberts on January 14, 2008, 8:57 pm
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 On Mon, 14 Jan 2008 11:27:18 EST, engineer2001

>I got the same form. Luckily, I found this thread, or I would have
>been calling the IRS and talking to them today. They should have
>included a note to let the umpteen million Americans who are getting
>these know that this is to give them part of their wrongly-withheld
>excise tax back. I kept all my phone statements and got back every
>cent I paid plus interest. Makes sense now.
>
>All the other posts I have read indicate that a 1099 from the IRS is
>usually for monies received from amended returns (1040X). I have
>filed no amended returns, so I was freaking out a bit.
>
>Thanks!

Plus, the normal looking EIN made me wonder if the 1099 was
from some company who forgot to print their name on the
form.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by chorchonga on January 14, 2008, 5:53 pm
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Thanks for the info! I too got a mysterious 1099 from the IRS today
in the amount of $12.00. You have saved me a lot of trouble and
headache because I don't think I would have been able to figure that
out or remember it on my own!

C

I'm including the text from the 1099 to help others find this thread:

"This information is being furnished to the appropriate department of
Internal Revenue Service. The amount of interest paid or credited to
you in the calendar year shown is on an overpayment of federal tax.
This amount may represent interest on an overpayment for more than one
year, or more than one kind of tax. It may have been paid with your
tax refund or by separate check; or part or all may have been applied
against other taxes you owed. If you are required to file a tax
return, report this interest as income on your return."

You can imagine my confusion after reading that sweeping
generalization!

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by chorchonga on January 14, 2008, 5:54 pm
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Thanks for the info! I too got a mysterious 1099 from the IRS today
in the amount of $12. Thank you for saving me a big headache trying
to figure it out!

C

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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