1099 Nightmare
On Feb 1, 9:39*am, Jim Stewart wrote:
toolbreaker wrote:
The company I work for has a policy of rewarding patents with cash
awards. *No one ever got rich on the awards but over the years it has
paid for my modest machine shop. * At the end of the year we receive a
1099 form showing how much we were awarded.
This year I opened the 1099 and it shows $500K. * NIGHTMARES about the
$150K in taxes the IRS thinks I owe.
Go into work and I have an email says ops we misplace a decimal
point. * Correction will be arriving shortly.
Tell them there's another way to fix the problem....
I think I am going to frame the faulty 1099. * * * *Coworker is going
to leave his in his important papers for his kids to find after he is
dead.- Hide quoted text -
- Show quoted text -
I have to admit I did some daydreaming about what I would do with
extra $$
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