Boyd and Janice Black received a surprise 1099.
It showed $109,567 in taxable income.
At first, the Blacks ignored the 1099 and its $109,567 in taxable income.
About a year later, the Blacks had second thoughts (perhaps prompted by the IRS) and filed an amended tax return, but they did not include the full $109,567 as income.
With the amended return, the Blacks attached a check for $4,775. The IRS did not accept or process the amended return, but it did cash the check ... Log in to view full article.