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Thread: 1099 and Credit Reports...

  1. #1
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    Default 1099 and Credit Reports...

    I read these forums all the time and after reading months of posts about 1099 and credit reports I have come to the conclusion that there is a lot of misinformation about who can see your tax returns and how things show up on your credit report. I know that I am about to get flamed but I have my fire retardent suit on.


    1099:


    This is actually quite easy. Your tax records are private and no one can view them. It is even difficult to get them with a subpoena. It is not impossible but no one is going to subpoena your tax returns for a job. So again no one can get your tax returns from the IRS and no employer can give out your tax information. It is illegal.


    So how come they do show up for some people? This is a good question and there is an answer. They get then from your tax preparer. So let's say you walk into H&R block and you have them do your taxes. You will sign a consent form that let's them use your information. This is not illegal and by law they can do whatever they like with your information. They can send your information to their "affiliates" and who knows who they are. It is most likely sold to marketing companies but it can be anyone. It's totally legal because they did not get it from the IRS, they got it from you with your consent.


    Here is the second catch. The IRS does not provide e-filing. They accept e-filing from third parties like H&R block but you cannot directly e-file with them. So if you e-file with anyone or use an software that e-files then you are giving them consent to use your information.


    Solution: You file with a paper form and send it directly to the IRS. Do NOT let anyone third party prepare your taxes. Go to the post office and get the paper form and fill it out yourself.


    This way no one can see your tax record.




    Credit Reports:


    The first thing to know is how they get your employer information. Well they don't get it from your employer they get it from you!!! When you fill out an application for something and put your employer on there they record the information. Credit Bureaus receive all their information from creditors. They only know what you tell them. I know that there all all these rumors going around but there is no conspiracy here. I am not saying that your employment will never show up but there is no reason for a cam company to inform the credit bureau that you work for them. There is no law telling them to and where is the profit in it. Credit bureaus aren't paying for anything. They get it all for free from creditors.


    So to sum it up. If you file with a paper form no one will see your tax returns and if you never put a cam company as an employer on ANYTHING except your mailed in tax returns then it is extremely unlikely and I mean extremely unlikely that it will show up on your credit report.

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  3. #2
    God/dess SarahTime's Avatar
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    Default Re: 1099 and Credit Reports...

    I have been trying to clear up the same thing about the credit reports for a long time. Most girls will claim they have never ever ever put down a cam company as an employer and it still showed up.... which.... who knows how that happens, maybe they forgot they did it. But you are right, it should not be there at all unless you provide that information.

    I'm not as familiar with the 1099s and taxes. I've been doing this a long time and never had anything related to camming or other adult work show up on my back ground checks. I always do my own filing online with turbotax and never have had an issue.

    Also, hello. Welcome. Who are you? Do you cam? Why would people flame you for this post?
    xoxo ~ Sarah




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    Default Re: 1099 and Credit Reports...

    Thank you. I don't think you'll get flamed. Some people like to claim they have information they do not have (I'm not referring to you), & jump at opportunities to be contrary. However, I think most people here are pretty level-headed and get understandably concerned when they can't remember giving out their info but find it somewhere. But what you said makes sense to me, and it certainly gives us something to explore & keep in the backs of our minds during the situations you described. If nothing else, it gives us more information about what types of questions to ask, & reminds us to read closely what we're signing.

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    Default Re: 1099 and Credit Reports...

    Thank you Sarah, Jess, and Crustyz.

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    Featured Member Rina's Avatar
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    Default Re: 1099 and Credit Reports...

    I used to work for H&R and you are correct about the consent form, I am was always surprised how many people never read it even when I told them to, or basically said "whatever' when I explained it to them. H&R really pushes employees to get the consent forms signed, read every piece of paper you sign at any tax preparation or accounting service.
    Last edited by Rina; 07-24-2012 at 07:05 AM.
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    Default Re: 1099 and Credit Reports...

    Rina I totally believe it. I mean how many times do we actually read anything. The Terms of Service for every thing out there. Probably none at all.

    Here is a link about the IRS E-Filing. I like to check out the articles on here. We are all getting screwed in some way.

    http://redtape.msnbc.msn.com/_news/2...-surprise?lite

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    Default Re: 1099 and Credit Reports...

    Only when signing up for camming sites have I ever completely read the TOS, haha!
    Question though...to do through a 3rd party do we HAVE to consent to letting the information be shared or will they do my taxes without it? This is my first year I'll be doing taxes I really didn't make much last year and this year I have a "real job" to claim for. I was thinking turbotax or something similar.. I really would rather not try to explain to a live person about my camming income on the side.

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    Default Re: 1099 and Credit Reports...

    If it is the TOS then you would have to consent. It's like when you install software and have to agree to the terms, there really is no way to disagree. If you went to a CPA or smaller tax preparer they may not ask you to consent because they are not scooping up millions of peoples data to sell. I would say to at least try to do it yourself. It can't hurt to try and if it becomes too much then look for a small CPA. Some things were a lot for me. I had to do capitol gains and it was too much so a CPA did them.

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    Default Re: 1099 and Credit Reports...

    Quote Originally Posted by MissSeraphim View Post
    Only when signing up for camming sites have I ever completely read the TOS, haha!
    Question though...to do through a 3rd party do we HAVE to consent to letting the information be shared or will they do my taxes without it? This is my first year I'll be doing taxes I really didn't make much last year and this year I have a "real job" to claim for. I was thinking turbotax or something similar.. I really would rather not try to explain to a live person about my camming income on the side.
    When you use turbo tax you have the same consent form. Basically if you efile that info goes through a 3rd party.
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    Default Re: 1099 and Credit Reports...

    Quote Originally Posted by Super_Girl View Post
    If it is the TOS then you would have to consent. It's like when you install software and have to agree to the terms, there really is no way to disagree. If you went to a CPA or smaller tax preparer they may not ask you to consent because they are not scooping up millions of peoples data to sell. I would say to at least try to do it yourself. It can't hurt to try and if it becomes too much then look for a small CPA. Some things were a lot for me. I had to do capitol gains and it was too much so a CPA did them.
    If the CPA efiled there is still 3rd party issue. They are just less likely to sell the info but they can.
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    Default Re: 1099 and Credit Reports...

    Rina you are correct about the software. It's a tricky game they are playing.

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