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Employee
June 1, 2019
Solved

1099s issued to my SSN instead of my EIN

  • June 1, 2019
  • 1 reply
  • 0 views
I have an S-Corp where I am the sole owner and I listed my business income. However, I received 1099s in where my SSN was used instead of my EIN. How should I report this on my personal return and deduct it out since I already declared it on my 1120-S return?  Thanks in advance!
Best answer by Critter

First ... get that fixed so it doesn't happen again.

Then the workaround for 2015 is relatively simple .... put the income on a Sch C then make an expense entry for the same amount using your own category " income to be reported on S-corp" and this will make it an "in & out" paper trail for the IRS records and should keep you from getting an IRS notice. 

1 reply

Critter
CritterAnswer
Employee
June 1, 2019

First ... get that fixed so it doesn't happen again.

Then the workaround for 2015 is relatively simple .... put the income on a Sch C then make an expense entry for the same amount using your own category " income to be reported on S-corp" and this will make it an "in & out" paper trail for the IRS records and should keep you from getting an IRS notice. 

SPC1102Author
Employee
June 1, 2019
Thank you!