AboutMike Wellman Expertise I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size.
I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All other will be referred to the question pool.
Experience Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.
Publications New York Times, Wall Street Journal, Your Money.
Education/Credentials BBA, Baylor University.
Awards and Honors IRSOS.com won the Knowledgeweb award for educational excellence for content.
Expert: Mike Wellman Date: 1/30/2008 Subject: 1099 Misc wrong
Question I received a 1099 Misc form and in box 7 the amount is way more than I actually received. The only problem is that the guy paid me in cash and I never got a receipt. While I have no way of proving what he paid me, he had no way of proving that is what he paid me either. What can be done?
Answer Report what he actually paid you. In about a year, you may receive a letter from the IRS asking about the discrepancy and proposing to increase your tax liability. Write a letter back stating that you were not paid that much. At that point, the burden of proof is on HIM to prove he paid what is on the 1099. You win.
