Tax Question - Missing 1099 from Company That Closed?

I know you have to report it or potentially be smited by the IRS. I do not know where you can get the information externally.

If you worked for the company in 2010 you should have the information needed to recreate the 1099. You know how much you were paid, you know how much was withheld if anything, and if you worked for them last year you know their tax id number.

Understand to the IRS saying you didn't get a 1099 is like saying to the cop you didn't see a speed limit sign. Neither will have compassion for you.

*I'm not a tax pro...

Legally, they should have provided something.

Do you have your pay stubs/info from the company? You could use those for your documentation support. I've done that before.

Use the pay stubs and report how much he made and pay the estimated taxes from that. If you don't do it now you will have to do it later and the IRS can and will charge late fees (they add up quick). Do you have an accountant do your taxes? They should be able to help you with this. You may want to consider getting one at least to file this tax return.

Added: Jo, I love the word "smited"! Bahaha!

Original:
I think I'd pay the fine if you get contacted later in the year for this, rather than report income that they have no 1099 to match up against. Maybe Jo W. can give you her considered advice - she knows a lot about taxes.

Dawn

Definitely report the income. Even if the company doesn't report from their end, you never know when you might get audited - unlikely, but it does happen. An audit would uncover the income and you would get zapped with penalties.

Of COURSE you have to report it, unless you want to be audited. Even if that company doesn't file your husband still should. Two wrongs don't make a right.

well I think you know the answer to this foolish question...but no you can't just NOT report it...use your pay stubs and report the income you were paid for...if you can't mysteriously find your paystubs then request your bank statements so you can do the long process of finding all of the deposits for what you were paid.

I think that the employment office can pull up records of his employment for that quarter. I would start there, then call the IRS and ask them, they may have all the info you need.

I have had to go to the employment office and get a report of my income for the last 4 quarters when applying for medical assistance through our local hospital social services program for the free clinic. It shows who I worked for, their federal tax ID, how much I earned, what taxes were paid, etc...they may not do them anymore but they should have access to some sort of data base for those filing for unemployment. They company has to be there somewhere with their information about employees.

I would call the IRS's tax payer help line. If your DH invoiced them properly, he should have record of his hours and pay that he can use to support his claimed income without the 1099. I would not skip it.

Our tax preparer mixed up DD's SSN and we got nasty grams from the IRS. So long as you prove your case (should you get one of those notes), you should be fine.

If he made over $600 it needs to be reported; less than $600 there should be no problem. You can verify this with the IRS.