Jump to content
ATX Community

Paper filed 1099s for 2019 and 2020 not processed yet


ILLMAS
 Share

Recommended Posts

New client mailed (registered) their 2019/2020 1099s by the due date for each year, I called the IRS and was told they have no record of receiving the 2019 and there is a high probability the 2020 have not been processed yet (IRS is backed up….).   I offered to recreate and submit them electronically, what are the chances the IRS would duplicate them once they process the paper files?

Link to comment
Share on other sites

I know of a form 7200 (the supposed quick payment of 941 credits) sent in early Feb was just processed a few days ago...  7200 was supposed to be processed and the money paid out in a matter of weeks, not months.  This goes along with my personal belief never to rely on a form being processed, and with that in mind, if there is ever a credit on a form, always use the refund, never relying on the tax agency to timely or properly apply to a later return.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...