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I just file the 1099 as usual and issue a 1099 to the company for the amount of the chargeback. Simple...
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I just file the 1099 as usual and issue a 1099 to the company for the amount of the chargeback. Simple...
Sincere apologies, that was meant jokingly.
I dont know for sure but I was told that You can 1099 anyone you want.
You better find out for sure. I'm counting on you to work out the 1099's for half my employees.
I thought you made your mom work for free...
Good luck figuring that out!!
That's one that I print out the chargebacks for. At the endo fhte year I will go back and see whart they actually paid me, what the chargeback total is and them compare both of those figures to the 1099 they send.
I bet they won't add up. When I can't provide a reason for the difference my accountant just uses the 1099 numbers.
I didn't make very much in 2012 with 5 Star. In 2013 I did. I'm on track for their convention. Of course I will be off that track very soon.![]()
can we get back to my subject!is everybody haveingyeah but if you receive it and then they take it back.. You haven't received it. If they report all money paid to you on the 1099 but do not deduct the charge back, you would end up paying taxes on money you do not have if there is no way to adjust it. If nothing else, if the charge-back is included in the 1099, then report the 1099 and report the charge back as a return.