Home     Law Advice     Insurance Advice     Community    
Tax Law : Federal, State and Local Income Taxes, Sales Taxes, etc. For Estate, Gift and Inheritance Taxes, Please Post Under Will, Trusts & Estate Planning
Go Back   FreeAdvice Legal Forum > TAX LAW > Tax Law

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 03-01-2004, 09:36 PM
deeleeh
Guest
 
Posts: n/a

Incorrect 1098's for 2001 & 2002


What is the name of your state? TX
My husband & I have had a home equity loan for about 8 years and have always claimed the interest at tax time. Several months ago I discovered that the bank had changed the social security# on the account sometime during 2001, so the interest was reported under the wrong ss#. After several meetings the bank finally managed to get the social security# corrected, but when I asked about correcting the 1098's, I was told they could not do that. My question is, since the interest was reported under the wrong ss# isn't the bank required to correct that with the IRS?

Thanks,

deeleeh
  #2  
Old 03-02-2004, 02:21 AM
Senior Member
 
Join Date: Aug 2002
Location: Washington
Posts: 3,484
Yes, but why make a stink about it until the IRS write you a nastygram? Get a letter from the bank stating that the interest was reported under the wrong SSN & stick it with your tax returns in case you need it.
__________________
This post does not constitute legal advice, nor does it create an attorney-client relationship. Postings are based only on the information provided and you should consult an attorney in your area before relying on information contained in this post.
  #3  
Old 03-02-2004, 01:26 PM
deeleeh
Guest
 
Posts: n/a
I was thinking that might work, but getting a letter has been problematic as well, they won't do a letter stating that it was reported under the wrong SSN. They will however send me a standard form letter stating how much interest was paid during those years. However, this letter shows no SSN only an account number. The problem is the account# was changed in April (?) of 2003 when the bank updated its system and the letters show the new account#.

deeleeh
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 08:02 PM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.