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• 1. N

     Conflict Regarding Amount To Be Issued on 1099

     Exactly, there is a 1099 being issued either way for August, September, October, November. We are just in a disagreement over adding the December commission on the 1099. Does that mean I'm on the hook for that 16K, which contractually isn't even my money and then have to wait until next year to...

     • nycguy1
     • Post #5
     • Jan 15, 2019
     • Forum: Tax Law
  2. N

     Conflict Regarding Amount To Be Issued on 1099

     Long story short, I received a substantial amount of money in the last week of December. The money received was part of a business deal where I promised a third party a commission based on the funds sent over. Because of the date I received it, and it took a few days for the check to clear, I...

     • nycguy1
     • Thread
     • Jan 15, 2019
     • Replies: 12
     • Forum: Tax Law
  3. N

     Audit Fear Due To Large AGI Increase

     I fully understand, but I don't know if my set of circumstances places me in that risk. I guess I was looking for some assurances of not to worry and I got really nothing from that attorney.

     • nycguy1
     • Post #6
     • Jan 9, 2019
     • Forum: Tax Law
  4. N

     Audit Fear Due To Large AGI Increase

     That's exactly the issue. I spoke to a tax attorney, who charged me $250 for a consultation and basically told me nothing of worth - other than "you are being taxed at the full rate on your capital gains, if you receive anything from the IRS, give me a call"

     • nycguy1
     • Post #4
     • Jan 9, 2019
     • Forum: Tax Law
  5. N

     Audit Fear Due To Large AGI Increase

     In 2017 I made around 100K (AGI) after credits, deductions, etc. I was self employed. I made around the same amount for several years. I usually take a tax hit every year, haven't seen a refund in a decade. I always owe thousands and pay up quickly. Last year I sold a website I've been...

     • nycguy1
     • Thread
     • Jan 9, 2019
     • Replies: 15
     • Forum: Tax Law