I filed my taxes and shortly thereafter realized that my 1099-MISC income for contract work was incorrectly reported under box 4 (Federal Income Tax Witheld). So, instead of my 1099-MISC showing nonemployee income, it showed that total as being Federal Income Tax Withheld.

Do I just let this go as the IRS is received the same 1099-MISC as I did or what. Any feedback you can provide me would be greatly appreciated.

GoBlue:

You know that the amount reported should have been in the block for "Nonemployee Compensation". I assume you reported as such on your Schedule C.

If so, then sit tight and let the IRS ask you about it. More than likely, they will come to same conclusion I did.