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Vendor 1099 Information Report Wrong

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Posted on by JE-20081519-0

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Hi:

Why is the data on the Vendor 1099 Information Report wrong, when compared to the actual data appearing on the 1099 Forms themselves?

For lack of a better phrase, that ain't right.

The Report is supposed to be a convenient means of advising what is going to appear on the 1099 Forms.

I just showed a client this Report and was embarrassed to see discrepancies.

I'd appreciate a good and lucid answer to my question.

Thanks!

John

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