Erroneous 1099 Procedure
This is a discussion on Erroneous 1099 Procedure within the YMMSS/STA Complaints forum, part of the Internet HYIP Scams category; Several people have spoken with IRS agents about this problem. The info we have gotten has filtered out to determine ...
![]() |
|
|
Thread Tools | Search this Thread |
Rating:
|
Display Modes |
|
|
#1 |
|
Senior Member
Join Date: Dec 2006
Posts: 30
|
Several people have spoken with IRS agents about this problem. The info we have gotten has filtered out to determine a path of action for the present.
1. The links for filing your general complaints can be found on the Matrixwatch.org site here http://www.matrixwatch.org/forums/showthread.php?t=2969 2. It's important to first contact STA through their Help Desk http://www.ymhelp.com/ You need to politely tell them that you are not a member of STA anymore and request that they reassure you that your account is closed and amend your 1099 to reflect that you were not a member last year and that you received zero money. It's my concern that if the account is not terminated or closed, they will continue to send 1099's for future years. 3. They will reply with their canned reply telling you that they cannot change the 1099, and that they didn't pay you money, but advertising credits. The IRS will ask you if you requested the amended 1099; so make sure you get this part done. Keep copies of your communications. 4. Then, on February 15th call the IRS at 1-800-829-1040 Ask for assistance with an erroneous "1099 Misc" Tell them that you received an erroneous 1099 Misc and they will take your details to investigate this. Be sure you ask for a specialist on 1099 Misc or you might get someone who doesn't know what to do. February 15 is the day for filing reports of erroneous 1099's. They will take your information over the phone and you will get a reply from them by the mail. They will also send a form to STA requiring a reply from them. This is not guaranteed to get things fixed, but it is the procedure that can be done now. Our problems are not just concerning what STA has done, but also our personal problem with this 1099. These steps will begin an examination of your visible tax obligation which cannot be ignored. It won't just go away. Be sure to ask the agent how to handle your taxes this year regarding this disputed 1099. This is all in addition to any other complaints you might file with IRS using form 3949 or with IC3. The IRS agents are paid to assist us. I have spoken so far with three different ones and they are all very courteous and try to help me as much as they can. They do have varying levels of abilities. It's okay to call back and talk with another one if the first doesn't fully answer your questions - or if you later think of more questions. I sure hope that this procedure leads us to a favorable resolution. STA was obligated to send 1099's if they gave something of value to members. The problem is, we can't pay taxes using advertising credits....they are valueless to non-STA members. Last edited by cheryl20772; Feb 9th, 2007 at 09:58 PM. Reason: added more information |
|
|
|
|
|
#2 |
|
Senior Member
Join Date: Feb 2007
Posts: 80
|
Excellent info! Thank you Cheryl.
|
|
|
|
|
|
#3 |
|
Guest
Posts: n/a
|
I then have an Important question. What If you received a small income back of 65.00 dollars in 2006 and you read adds all the way through 2006 and got a hugh 1099? this happened to me. If you got a tiny amount back but got an outrageous 1099 for thousands can you still go through this channel then? Thanks I appreciate any help someone can give me here.
|
|
|
|
#4 | |
|
Guest
Posts: n/a
|
Quote:
Yes, filing a compliaint with the IRS is your answer. In addition to the info Cheryl has provided, see these links, too. STA TAX FRAUD - COMPLAINT TO IRS EZ WAY TO PROVE ZERO FMV of WAC |
|
|
|
|
#5 |
|
Guest
Posts: n/a
|
Thanks so much for this help God Bless
|
|
|
|
#6 |
|
Guest
Posts: n/a
|
You are very welcome.
When we help each other, we help ourselves - and vice versa. Please let us know how it goes? |
|
|
|
#7 | |
|
Senior Member
Join Date: Dec 2006
Posts: 30
|
Quote:
They are claiming that we received advertising credits worth $10 each. We are telling the IRS that these ad credits were, given back when we closed our accounts, not worth $10 each on the open market (see the classified ads as proof), issued to closed accounts, etc. If you are still a member of STA it will be a bit more difficult for you to prove that these WAC's are of no value to you. The fact remains that they did not put any money into your pocket that you can use to pay your taxes, nor do they have potential to do that. Last edited by cheryl20772; Feb 11th, 2007 at 10:35 AM. |
|
|
|
|
|
|
#8 | |
|
Senior Member
Join Date: Feb 2007
Posts: 80
|
Quote:
Which, to me, makes it even more crucial for us to provide "outsider-friendly" evidence of the absence of FMV of WAC. If we can accomplish this, the IRS might finally be willing to shut down the STA money pit and we can finally relax. I can hardly wait to hear what the IRS says on Thursday. Last edited by YMSurvivor; Feb 11th, 2007 at 02:44 PM. |
|
|
|
|
|
|
#9 | ||
|
Senior Member
Join Date: Feb 2007
Posts: 80
|
From wahmse on the Matrixwatch forum thread:http://www.matrixwatch.org/forums/sh...?t=5008&page=5
Quote:
And I want to emphasize, regarding #3, the importance of maintaining the integrity of the Certified Letter process by NOT opening the refused/returned letter when you get it back. SAVE IT, UNOPENED. AND #4. DO NOT INCLUDE THIS AMOUNT ON THIS YEAR'S TAX RETURN ************************************************** **** And from Casandra, in this thread: http://www.matrixwatch.org/forums/sh...9163#post49163 Quote:
Last edited by YMSurvivor; Feb 17th, 2007 at 12:10 PM. |
||
|
|
|
|
|
#10 |
|
Senior Member
Join Date: Dec 2006
Posts: 30
|
today I spoke with the IRS again. The agent told me that they no longer will send a letter to the payer regarding missing or erroneous 1099-M. The correct procedure is to file a form 3949 to report fraud and to leave that amount off your tax computation, but to include notation that you have filed 3949. We file our taxes electronically; so will just leave that 1099 off the taxes and will submit our documentation when questioned later about it.
Doesn't it all just make you sick? |
|
|
|
![]() |
| Bookmark & Share |
This thread has 11 replies and has been viewed 3614 times
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Employee vs 1099 | joeynevada | Hiring, Firing, Wrongful Termination | 3 | May 5th, 2009 06:45 PM |
| Indiana crime victims alarmed by erroneous calls (AP) | Yahoo!_news | Crimes and Trials News | 0 | Feb 5th, 2009 09:11 PM |
| 1099-r | Unregistered | Tax Issues | 1 | Mar 6th, 2008 02:30 PM |
| How to report 1099-C and 1099-R Help?? | Unregistered | Tax Issues | 1 | Feb 19th, 2008 03:22 PM |
| 1099 scam | Unregistered | YMMSS/STA Complaints | 1 | Feb 4th, 2007 12:27 PM |
All times are GMT -5. The time now is 08:19 AM.











Linear Mode

