Q: I received a 1099 for consulting fee, I did not received all the money that was reported for 2011. what do I do
A: Ask the issuer of the 1099 to change the amount of 1099 already reported to the IRS to the correct amount and mark the box on the top of the form as "corrected", and file the returns based on the money actually received, because you can use "cash basis" accounting in this regard. good luck.
A: Request a corrected 1099 and if you do not get a corrected 1099 report the amount received to the IRS and the State. Make sure your accountant is clear on the facts and he/she notates it properly on the return.
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