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Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 12008
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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Back in 2014 I set up an additional seller account on amazon

Customer Question

back in 2014 I set up an additional seller account on amazon in a friend's name. I paid the taxes for the amount on my taxes however I forgot it was linked to their social security number. Would I just have them 1099 misc me the amount of money I made off of amazon as they were just helping me out and did not receive any of the money?
JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?
Customer: No that's it I am pretty sure
Submitted: 6 months ago.
Category: Finance
Expert:  Lane replied 6 months ago.

Hi. My name's Lane.

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Yes, that's exact;t the right way to handle that.

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They should get you the 1099 by the end of January.

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Let me know if you have any questions.

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Lane

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I hold a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in finance, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986

Expert:  Lane replied 6 months ago.

Hi,

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I’m just checking back in to see how things are going.

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Did my answer help?

If this HAS helped, and you DON’T have other questions … I'd appreciate a positive rating (using the stars or faces on your screen, and then clicking “submit")

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But if you need more on this, please let me know.

Lane