sjrcpa
Level 15

They will issue a CP200. If you don't want to amend, you can explain the circumstance when you respond to the letter.

And why didn't your client notice the incorrect 1099s before?

@qbteachmtSince an 1120 is not a flow through tax entity, theoretically the 1120 and owner's 1040 have no bearing on each other.


Ex-AllStar