So the income was constructively received.Hmm, payee was not alive to cash the checks so checks issued in error were not received by payee/decedent. Cash basis taxpayer - I don't see constructive receipt, but that doesn't mean the IRS won't. When did the client return the checks to Aetna? In 2009 or 2010?I believe checks were destroyed. I can see Aetna not wanting to correct 1099 with checks potentially still out there, yet to cash them would be fraudulent. Funny thing is they kept sending them until a month or so ago, even after repeated phone calls. I wonder if they will issue another 1099 for 2010.Well, I don't think it's technically correct, but you could always put a negative amount on line 21. Yes, that corrects total income, but a wage based credit is now off. <sigh> It's May, and hay fever season, and my brain is wrapped up in unpleasant family matters. What's my name again? Oh yeah, I remember.Foolish regards,Vikancora imparo
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra