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    mhaip's Avatar
    mhaip Posts: 5, Reputation: 1
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    #1

    Apr 4, 2008, 10:33 AM
    Received 1099-MISC
    My wife purchased a printing business in May 2007 with existing monthly customers. We filed a W-9 to each customer stating my wife SS number. At the end of the year, we received 1099-MISC from some customers with the old owners SS number and listed income received through-out the entire year. Do I act as if we did not receive any 1099-MISC and just list the business income that our records show? Please help!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #2

    Apr 5, 2008, 02:10 AM
    Why do your customers issue you 1099-Misc? How does it work?
    mhaip's Avatar
    mhaip Posts: 5, Reputation: 1
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    #3

    Apr 5, 2008, 09:47 AM
    We provide a monthly service of typing and copying for several customers. When we bought the business, the previous owner instructed us to send W-9s to let everyone know that the business owner had changed. Then, some of the customers sent 1099-MISC, but not all. I read that 1099-MISC were if you made over $400.00 from a customer/client. Not all the customers that we made over $400.00 actually sent 1099-MISC.
    Does that help?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #4

    Apr 5, 2008, 11:28 AM
    It does not matter if you receive a 1099-Misc from a customer or not. It is your business income. Just list the business income and make the income is reported (that is accounted in your total income received).
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