1099 question Hi,
I'm wondering: if an employer (employee has W-2 status) pays an employee's personal credit card, can they then claim those payments as 1099 income?
A friend of mine was hit with a HUGE 1099 return and if it's valid, he will have to pay a ton of taxes on the amount in the 1099 form.
I'm not sure what the agreement was with the employer, and SOME (though not many) of the charges might have been business-related.
Also, all the charges were made years ago (though when employee was in employer's employ) but the employer paid it all off last year.
Thoughts? |