What to do if you send a 1099 to someone who is not taxable

August 2, 2021

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Q.¬†When sending a 1099 to an attorney and/ or claimant are there any repercussions if it is sent to someone who is not taxable? And if you do send it to an attorney or claimant that happens to not be taxable and they reach out to tell you that they should not have received it, would you have to send a revised 1099 to them and submit a a corrected 1099 file to the IRS? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory…

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