answersLogoWhite

0


Best Answer

I'm not sure what your getting at. First the 1099C is a Federal reporting...the income it shows may be applicable to the State too, (generally is). Even if you did not receive this (or any other) 1099, it does NOT alter your obligation to report the income that was to be shown. Failure to receive (or claiming a failure to receive) a form from someone is NEVER an acceptable reason for not accuratley reporting the event. It is your obligation to receive all the forms/data you need to accurately file. Not reporting the income, especially if the one filing the correpsonding expense (to substantiate their deduction) on a form (1099 or otherwise), is likely to set off the IRS computers. If you were a lender and need to file a 1099C and didn't, their are procedures for filing them late, or amending them, all of which will require payment of a penalty. The SOL on the return reporting income a taxpayer files, (the 1040) is at least 7 years from filing and actually much more.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is there a statute of limitations on 1099C in GA?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the DUI limitations of 1986 in GA?

Georgia statute of limitations on a misdemeanor DUI is two years.


What is the statute of limitations Ga for Felon Fraud?

That is a felony in Georgia. It has a limit of 4 years.


What is the statute of limitations on disorderly conduct in GA?

The statute of limitations is going to be only 2 years for a misdemeanor. And it is tolled if the individual is not living in Georgia. There may be exceptions, so consult an attorney.


What is the Statute of Limitations on Bad Check in GA How long do they have to take a criminal warramt?

The statute of limitations is going to be 4 years if it is a felony. It will be 2 years for a misdemeanor. And it is tolled if the individual is not living in Georgia.


Does ga have statute limitations?

Yes, Georgia has statute of limitation laws. They are varied depending on the situation. There are limits on bringing civil suits, collecting on debts and being charged with crimes.


Is there a statute of limitation if you left parole with 82 days left in GA?

There is no such thing as a statute of limitations related to violating parole. The reason for a statute of limitations is related to bringing a law suit. You can be arrested at any time for the rest of your life.


How long do you have to file a law suit on A DR I live in ga?

The length of time permitted to file a suit, or statute of limitations, depends on the type of suit, not the defendant. If you are not comfortable researching statute of limitations and cause of action on your own, an attorney is wise.


Is there a statute of limitations in Oklahoma for receiving money from an inheritance?

A statute of limitations is related to bringing a law suit. As such, there is no such thing as a statute of limitations on an inheritence in Oklahoma.


What is statute of limitations for traffic trial?

There is no statute of limitations for a traffic trial.


Is there a statute of Limitations on War Crimes?

No there is no statute of limitations on war crimes.


What is the Statute of Limitations For Arson In The States Of Ky. Ohio Indiana?

There is no statute of limitations for arson in Kentucky. In Ohio, the statute of limitations is 20 years. In Indiana there is no statute of limitations if it is charged as a class A felony, but if charged as a lesser felony the statute is 5 years.


What is the statute of limitations in NJ for collecting a judgment debt?

no statute of limitations on judgements