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<DIV><FONT size=3>Hi David,<BR> </FONT></DIV>
<DIV><FONT size=3>My wife is a CPA and she says that as long as you included the income in your Schedule C (even if not broken out) you are covered and there will be no harm done. I have had that happen several times without a problem.</FONT></DIV>
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<DIV><STRONG><FONT color=#0000ff size=3>Steve Grattan</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=3>Lost Chord Clinic</FONT></STRONG></DIV>
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<DIV style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman, new york, times, serif">----- Original Message ----<BR>From: David Love <davidlovepianos@comcast.net><BR>To: Pianotech List <pianotech@ptg.org><BR>Sent: Sunday, April 6, 2008 10:09:41 PM<BR>Subject: 1099 dilemma<BR><BR>Here's a situation that I've not encountered before and I'm curious to know<BR>if any of you have an insight into or experience with. A customer of mine<BR>calls me about two weeks ago telling me that he will be sending me a 1099.<BR>That's fine except that these are required to be sent by 1/31 and the 1098<BR>file with the IRS at some time in February. So it's late. Moreover, he's<BR>still not sent it so I don't have the info to put into my income report for<BR>my schedule C. If I don't report the 1099 income, file my taxes and then he<BR>decides to send it, it will look like I omitted it from the schedule C<BR>report and may very well get a
notice from the IRS for underreporting.<BR>Since I file electronically, I need to get this done tomorrow or the next<BR>day. Any accountants out there (current or former) who can shed some light<BR>on this dilemma?<BR><BR>Thanks.<BR><BR><BR><BR>David Love<BR><A href="mailto:davidlovepianos@comcast.net" ymailto="mailto:davidlovepianos@comcast.net">davidlovepianos@comcast.net</A> <BR><A href="http://www.davidlovepianos.com/" target=_blank>www.davidlovepianos.com</A><BR><BR><BR><BR></DIV><BR></DIV></div></body></html>