Skip to main content
Level 3
May 27, 2024
Question

1099-K sent to IRS, but never received by "recipient."

  • May 27, 2024
  • 4 replies
  • 18 views
No text available
This topic has been closed for replies.

4 replies

BobKamman
Level 15
May 27, 2024

I'm not sure that those four-letter snippets are enough to hide the identity of the client.  Looks like a Stanley Hoover to me.  I'm curious what happened between October 2023 and March 2024.  Was the CP-2000 ignored, perhaps the same way the 1099-K was ignored?  Does the client have a clue as to who paid him $148,900 that year?  It should have been reported whether he received a 1099-K or not.  ("We have a tax on income, not on pieces of paper.")  Was it in fact reported?  Maybe on an 1120-S instead?  You don't generally see Schedules C with numbers that high.  

I found an Intuit EIN, and that's not it.  But they do have an office at that Woodland Hills  "high-rise campus setting" with a "26-story skyscraper" and "585,848 SQFT."  What are the chances that another tenant also has a name beginning with Intu?  Or that another building with a street number of 21650, somewhere in the world, matches that description?

In October I would have asked IRS for the information from the 1099-K, which has to include the full name and phone number.  It might not have been provided, and the easiest way to get it now may very well be to pay the $60 Tax Court petition fee.  

 

Jim 1946Author
Level 3
May 28, 2024
No text available
BobKamman
Level 15
May 28, 2024

The more information we have the more useful we can be.  So to repeat, "I'm curious what happened between October 2023 and March 2024.  Was the CP-2000 ignored, perhaps the same way the 1099-K was ignored?  Does the client have a clue as to who paid him $148,900 that year?"

 

Just-Lisa-Now-
Intuit Community Champion
May 28, 2024

Doesnt that say the 1099K was issued by INTU, that sounds like Intuit to me (Oh I just saw in one of the posts about, you had this information, lots of dig through up there, sorry). 

What kind of business is he in?  Does he use Intuit for any type of payment processing?

Have you pulled a wage and income transcript?  Is it on there? 

I have a client with Misidentified Income on multiple 1099NECs  attributed to her on a CP2000 (she's never been self employed or in the healthcare field where these 1099NECs originated from), but when I pull a wage and income transcript it shows nothing, Ive been fighting with IRS for a year now to get this fixed.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Jim 1946Author
Level 3
May 28, 2024
No text available
IRonMaN
Level 15
May 28, 2024

Actually, I think it is in the IRS's hands and the IRS works in mysterious ways.

Slava Ukraini!
qbteachmt
Level 15
May 28, 2024

You posted on a software users' peer community internet forum. This is not Intuit Support or customer service or the IRS. The comments here from Bob make it pretty clear you have not protected your client's info from the world wide web by posting that image. I recommend you edit what you can edit to clean up this topic that is available to anyone reading this topic; they don't even need to be logged in to see it. Perhaps then, @BobKamman can also edit his replies to remove similar info from his analysis. You are asking about an Intuit action, but none of the peer users have anything to do with Intuit's business. It's good to help each other, but not at the expense of compromising a client's info.

Don't yell at us; we're volunteers
BobKamman
Level 15
May 28, 2024

@qbteachmt Soon enough the world is going to have access to the story, when a Tax Court petition is filed.  Although, at that point only the taxpayer's name and state of residence will be shown.  You'll have to visit the courthouse in DC to see the petition and other details.  And the SSN should be blacked out, if the taxpayer has competent representation. 

If that's the case, the next step is to anticipate the same problem for 2022 and 2023 and prevent it for 2024.  I'm fairly sure that this relates to the Credit Karma subsidiary of Intuit, and you're right, just because we are Intuit software customers doesn't mean we know anything about their side gig.   Since we now know that the taxpayer is retired (an online article indicates, since 2018), that explains why he may not have seen the 1099-K sent to his former work address (301 Kent).  Someone there should have access to the account where these payments are being made and forms are being sent, and change the data from SSN to EIN.  

The monthly payments shown on the 1099-K could be a compilation of dozens of individual payments.  The bank accounts that need to be "audited" are those that received these payments.  That is what IRS is going to want to see.  Since the payee seems to be a conference of churches, maybe this money is coming from member churches, rather than from church members.  I have no clue why an amended return would be filed in this situation.  Was the explanation, "not my money, they shouldn't have used my SSN" ?  I hope it wasn't the "trick the IRS computer" maneuver of adding it all in to a Schedule C and then subtracting it all out.  

IRonMaN
Level 15
May 28, 2024

This post certainly will be helpful to the next person who has the exact situation as JIm's 😬

Slava Ukraini!
BobKamman
Level 15
May 28, 2024

@IRonMaN You mean, like trying to file an amended return with TurboTax after a Notice of Deficiency is received?