erroneous 1099 I was part owner (5%) of a LLC and the 51% owner issued me a credit card under their parent company for business travel expenses. The monthly statements were set up to go to the company accountant. I turned in expense forms and expenses as each job closed out. I have now received a 1099 for years 2009 and 2010 that shows income as a result of the accountant saying there were missing receipts. The charges were all for business expenses, airfare, hotels, car rentals, meals, gas for car rentals. how can they deem this as compensation? is that legal? |