I have a tax question that I think belongs more under "dollar den..."
this is regarding a cam company sending out 1099's for PRIOR years..
My sister cammed and filied her taxes with liberty tax associates under "MISC"...in 2011 for the 2010 year. She paid a lower rate than the 1099 independent contrators would (i believe it was 15% instead of 30%) She had a regular job that year too..the camming was just under MISC income section. That is what H and R Block or Liberty Tax told her to do....Streamate that year (2010) did NOT send 1099's.
then, she cammed in 2011..and a few months ago filed her taxes for 2011 using Streamate's 1099 forms...
and then, in may 2012, she got a 2010 tax form, 1099 from Streamate!!!!
She DID pay taxes for 2010 for her camming job, but not under self employment 1099 income, it was put under MISC by Liberty Tax or whoever which is taxed less.
IS the IRS going to investigate? I believe she earned 4-5k both years camming....
*****Also, she put down Streamate as SM ltd, doing "affliate marketing" rather than "Streamate" under her tax form to the IRS. Considering that Streamate sent a 1099 under the name Streamate, will her **employment history from the IRS** have SM ltd or Streamate? She is in grad school for speech therapy so she though that putting doen SM ltd would help her out..willl it?????????



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