Re: 1099-sent to wrong name -business account Quote:
Originally Posted by phaz0rz Pass the profits from your business through to your personal tax return. An accountant would know what to do. Name on the 1099 doesn't make any difference in my experience as long as it's your EIN.
Use LLC's in the future and the name on the 1099 will be your LLC.
BTW I don't know what's up with you getting a 1099 but not hitting both thresholds. Either you have the same tax ID on two accounts or your account lives in one of those two states that now require everything to be reported? I think it was VT and MA but I'm not sure. | Its only a matter of time before other states follow...
Its the same as medical Marijuana. As soon as other states saw how much potential there was they wanted in. They don't care about people.
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"Mark 11.24 Whatsoever ye desire, believe that ye have it, and it is yours"
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