Here's a situation that I've not encountered before and I'm curious to know if any of you have an insight into or experience with. A customer of mine calls me about two weeks ago telling me that he will be sending me a 1099. That's fine except that these are required to be sent by 1/31 and the 1098 file with the IRS at some time in February. So it's late. Moreover, he's still not sent it so I don't have the info to put into my income report for my schedule C. If I don't report the 1099 income, file my taxes and then he decides to send it, it will look like I omitted it from the schedule C report and may very well get a notice from the IRS for underreporting. Since I file electronically, I need to get this done tomorrow or the next day. Any accountants out there (current or former) who can shed some light on this dilemma? Thanks. David Love davidlovepianos at comcast.net www.davidlovepianos.com
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