Answers

To correct a 1099, you would typically sent a copy of the 1099 with your filing, correcting the information such as “non employee compensation.” There’s a checkbox at the top that says “CORRECTED”, indicating that this is a corrected version of an existing filing. You can see the form here. It’s recommended to also make

I wouldn’t worry about it too much. They were all hired as special agents, who are tasked with crimes like tax fraud and money laundering. They are not accountants. They will not be conducting audits. They are essentially police, who do not do prosecutions on their own, but who collect information and, with a court

This requirement exists in two places. In title 26 under the internal revenue code in section 6050I. There is a penalty associated with this in section 6721. In title 26, you are correct, that trade or business is defined in section 7701 as The term “trade or business” includes the performance of the functions of

Absolutely!

There are a few options, but it will depend on your employer. Unfortunately most of them refuse to learn the law because it’s safer to just do what the IRS tells them. You can convince them that they are not obligated to withhold or report anything. This is a tough sell, especially for large corporations

1) You need to learn the tax code and understand why it is or isn’t taxable. Join the mailing list for some information on that. 2) If someone files a 1099, like a broker or realtor, and you believe that this was done in error, you will need to notify the IRS as such when

Whether or not a business or organization is an LLC doesn’t really determine whether it has to pay taxes. Whether it’s owned by a citizen or not doesn’t either. First, consider what you mean by citizen. Title 26 has a different definition of citizen than the rest of the US code. According to immigration and

The short answer is yes, but it is very limited. There is a crime called “willful failure to file”, which is punishable by fine and imprisonment, but this only applies to corporations. The law is located in 26 USC Subtitle F, Chapter 75, but as with the rest of the tax code this can be